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Prepare a schedule of interest expense and bond amortization for 2020 through 2023. On January 1, 2020, Larkspur Inc. sold 14% bonds having a maturity

Prepare a schedule of interest expense and bond amortization for 2020 through 2023.image text in transcribed 

On January 1, 2020, Larkspur Inc. sold 14% bonds having a maturity value of $830,000 for $922,028, which provides the bondholders with a 11% yield. The bonds are dated January 1, 2020, and mature on January 1, 2025, with interest payable on January 1 of each year. The company follows IFRS and uses the effective interest method.

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