Prepare a bond amortization schedule.

On January $1,2021,$ Loop Raceway issued $650$ bonds, each with a face value of $$1,000,$ a stated interest rate of $7$ percent paid annually on December $31,$ and a maturity date of December $31,2023.$ On the issue date, the market interest rate was $8$ percent, so the total proceeds from the bond issue were $$633,228.$ Loop uses the straight$-$line bond amortization method and adjusts for any rounding errors when recording interest in the final year.