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! Required information (The following information applies to the questions displayed below. On January 1 of this year, Olive Corporation issued bonds. Interest is payable
! Required information (The following information applies to the questions displayed below. On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 Balance $ 52,833 52,652 52,454 $ 5,200 ? ? ? $ 5,019 ? ? 4,963 $ 181 ? 217 ? 52,000 Required: 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole dollar amount.) Cash Interest Amortization $ Balance 52,833 $ 52,652 $ 52,454 5,200 $ 5,019 $ Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 181 $ 217 $ 4,963 $ 52,000
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