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Required Information

Exerclse $10-7($Algo$)$ Stralght$-$Line: Amortizatlon table and bond Interest expense LO P$2$

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Duval Company Issues four$-$year bonds with a $$103,000$ par value on January $1,2021,$ at a price of $$99,000.$ The annual

contract rate is $6\%,$ and interest is pald semlannually on June $30$ and December $31.$

Exercise $10-7($Algo$)$ Part $1$

Prepare a straight$-$IIne amortization table for these bonds.

Note: Round your answers to the nearest dollar amount.