Prepare an amortization schedule for a bond issued at a discount. (LO 4). Jamison Corporation issued $100,000, 8%, 10-year bonds on January 1, 2012, when the market rate of interest was 10%. Proceeds were $87, 710.87. Interest is payable annually on January 1. Jamison uses the effective interest method to amortize bond premiums and discounts. Prepare an amortization schedule for the life of the bonds