On July 1, 2017, Global Satellites Corporation issued $1,290,000 of 10-year, 6% bonds to yield a market interest rate of 5%. The bonds pay semi-annual interest on July 1 and January 1. Global has a December 31 year end. When the bonds were issued, Global received $1,390,548

Prepare an amortization table through January 1, 2019 (three interest periods) for this bond issue. (Round all amounts to the nearest dollar, e.g. 5,275.)

Prepare an amortization table through January 1, 2019 (three interest periods) for this bond issue. (Round all amounts to the nearest dollar, e.g. 5,275.) GLOBAL SATELLITES CORPORATION Bond Premium Amortization Unamortized Bond Carrying Semi-annual interest periods Interest to be paid interest Expense to be Premium Amortization Premium Amount Recorded July 1/17 Jan. 1/18 July 1/18 Jan. 1/19 July 1/19