! Required information (The following information applies to the questions displayed below.) TeslaShock Corporation manufactures electrical test equipment. The company's board of directors authorized a bond issue on January 1 of this year with the following terms: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Face (par) value: $804,000 Coupon rate: 8 percent payable each December 31 Maturity date: December 31, end of Year 5 Annual market interest rate at issuance: 12 percent 3. Assume that the company used the effective-interest amortization method. Compute the following for Year 1 through Year 5: (Round your final answers to nearest whole dollar amount.) a. Cash payment for bond interest. b. Bond interest expense. Bond Amortization Schedule Amortization of Cash Payment Interest Expense Discount Date Net Liability $ 688,073 $ Issuance End of Year 1 End of Year 2 End of Year 3 End of Year 4 End of Year 5 $ $ 64,320 64,320 64,320 64,320 64,320 $ $