Santa Corporation issued a bond on January $1$ of this year with a face value of $$1,000.$ The bond's coupon rate is $5$ percent and interest is paid once a year on December $31.$ The bond matures in three years. The annual market rate of interest was $6$ percent at the time the bond was sold. The following amortization schedule pertains to the bond issued:

$\backslash$table$[[,$Cash Paid,Interest Expense,Amortization,Balance$],[$January $1,$ Year $1,,,,$$$973$