Prepare an amortization schedule for the life of the bond i the format below. Marcus Corporation issues $2,500,000 bonds at 6% with interest payable annually for the next 4 years. The bonds were issued on March 31 at 104. Please show work (how you found the value of the amortized premium)

Period Ended Interest Payment Amortized Premium Interest Expense Bonds Payable Premium on Bonds Payable Carrying Value

Year 1

Year 2

Year 3

Year 4