Score Ltd$.$ is authorized to issue $$6,500,000$ of $12-$percent, $10-$year bonds. On January $2,2023,$ the contract date, when the market interest rate is $14$ percent, the company issues $$5,200,000$ of the bonds and receives cash of $$4,649,111.$ Interest is paid on June $30$ and December $31$ each year.

Required

Prepare an amortization table for the first four semi$-$annual interest periods. Score Ltd$.$ amortizes bond discounts by the effective$-$interest method.

Record the issue of bonds on January $2,$ the first semi$-$annual interest payment on June $30,$ and the second payment on December $31.$

Show the balance sheet presentation of the bond on the date of issue and on December $31,2024.$

Requirement $1.$ Prepare an amortization table for the first four semi$-$annual interest periods. Score Ltd$.$ amortizes bond discounts by the effective$-$interest method. $($Round your answers to the nearest whole dollar.$)$

Score Ltd$.$

Amortization Table

A

Interest

Payment

Semi$-$ann$$al

$160\%$ of

B

Interest Expense

$(7\mathrm{.}0\%$ of

Presedina Rond

Presedina Rond

Amortization

Amortization

D

Unamortized

Discount Account

Ralanc.

E

Bond Carrying

Amount