Question 1 1.52/2 Pina Colada Corp. issued $ 405,000, 7%, 20-year bonds on January 1, 2017, for $ 365,236. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Pina Colada uses the effective-interest method to amortize bond premium or discount Your answer is partially correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Pina Colada Corp.. (Round answers to O decimal places, eg. 5,250) Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value st ds 405000 $ 365236 $ 139764$ 28350 29219 869 28350 26951 1399