Robert Williams Company sells $10\%$ bonds having a maturity value of $$1,410,000$ for $$1,308,350.$ The bonds are dated January $1,$

$2025,$ and mature January $1,2030.$ Interest is payable annually on January $1.$

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Set up a schedule of interest expense and discount amortization under the straight$-$line method. $($Round answers to $2$ decimal

places, e$.$g$.38,548\mathrm{.}25.)$

Schedule of Discount Amortization

Straight$-$Line Method