Required information Exercise 10-15A Straight-line amortization of a bond premium LO 10-5 (The following information applies to the questions displayed below.) The Square Foot Grill, Inc. issued $280,000 of 10-year, 6 percent bonds on July 1, Year 1, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization. Exercise 10-15A Part 6 b. Prepare the liabilities section of the balance sheet at the end of Year 1 and Year 2. (Amounts to be deducted should be indicated with minus sign.) SQUARE FOOT GRILL, INC. Balance Sheet (Partial) As of December 31 Year 1 Year 2 Liabilities