Sandhill Cars Co. issued $1.66 million of 5%, 5-year bonds on January 1, 2021. The bonds were dated January 1 and pay interest annually. The bonds are secured with real estate holdings. The market interest rate was 4% for these bonds. Sandhill has a calendar year end.

Prepare an effective interest amortization table for these bonds. (Round answers to 0 decimal places, e.g. 5,275.)

SANDHILL CARS CO. Bond Premium Amortization Table Effective Interest MethodAnnual Interest Payments 5% Bonds Issued at market rate of 4%
Date		Interest Payment		Interest Expense		Premium Amortization		Bond Amortized Cost
Jan. 1, 2021		$		$		$		$
Jan. 1, 2022
Jan. 1, 2023
Jan. 1, 2024
Jan. 1, 2025
Jan. 1, 2026