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Problem 6-31 (LO 6-2) Problem 6-31 - Part 2 Opus. Incorporated, owns 80 percent of Bloom Company On January 1, 2017, Bloom acquires half of

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Problem 6-31 (LO 6-2) Problem 6-31 - Part 2 Opus. Incorporated, owns 80 percent of Bloom Company On January 1, 2017, Bloom acquires half of Opus $700,000 outstanding bonds. Bloom paid $390.226 for this Investment indicating an 8 percent effective yleld The bonds of Opus Company had been sold on the open market on January 2014, at a 12 percent effective rate. The bonds pay a cash interest rate of 10 percent every January 1 and are scheduled to come due on January 1, 2022 Opus 15ed this debt originally for $616.872 Assume Opus Incorporated uses the equity method to account nternally for its investment in Bloom Company Required: . Complete the amortization schedule beow for Bloom Company's share of the bonds payable for Opus incorporated using the straight line method for amortization of bond premiums or discounts Round your answers to 2 decimal points)

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