P10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: References Award: 5.00 points P10-10 Part 8 8. What amount of interest expense will be reported on the income statement for Year 2 and Year 3 ? (Round your final answers to nearest whole dollar amount.)