Oriole Corporation issued $2.46 million of 7-year, 7% bonds dated January 1, 2021, for $2,208,518. The market interest rate when the bonds were issued was 9%. Interest is payable semi-annually on January 1 and July 1. Oriole has a December 31 year end.

Prepare an amortization schedule for the first three interest payments. (Round answers to 0 decimal places, e.g. 5,276.)

ORIOLE CORPORATION Bond Amortization Table Effective Interest MethodSemi-Annual Interest Payments 7% Bonds Issued at market rate of 9%
Date		Interest Payment		Interest Expense		Discount Amortization		Bond Amortized Cost
Jan. 1, 2021		$		$		$		$
July 1, 2021
Jan. 1, 2022
July 1, 2022