On July 1,2008 , Line Ski Company sold $500,000 in long-term bonds for $567,327. The bonds will mature in 8 years, have a stated (coupon) interest rate of 6% and yield rate of 4%. The bonds pay interest annually on June 30 of each year. The bonds are to be accounted for under the effective interest method. Required: (a) Construct a bond amortization table using the effective interest rate method for this problem to indicate the amount of interest expense and discount amortization at each May 31 . Include only the first three years. (Round to the nearest dollar.)