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Sandhill Company issued $950,000, 75, 10-year bonds on January 1, 2022, for $1019.917. This price resulted in an effective interest rate of 6% on the

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Sandhill Company issued $950,000, 75, 10-year bonds on January 1, 2022, for $1019.917. This price resulted in an effective interest rate of 6% on the bonds. Interest is payable annually on January 1. Sandhill uses the effective interest method to amortize bond premium or discount (al) Prepare the schedule using effective interest method to amortize bond premium or discount of Sandhill, Round amwers to decimal places, cu 5.275) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamor Premium Issue date S 1 2 10 UNDI LILE Dona premium or discount of Sandhill (Round answers to O Premium mortization Unamortized Premium Bond Carrying Value $ $ 1

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