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Oriole Company issued $342,000, 7%, 10-year bonds on January 1, 2022, for $367,170. This price resulted in an effective-interest rate of 6% on the bonds.

Oriole Company issued $342,000, 7%, 10-year bonds on January 1, 2022, for $367,170. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Oriole uses the effective-interest method to amortize bond premium or discount. (a1) Your answer is partially correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Oriole. (Round answers to O decimal places, e.g. 5,275.)

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