Spencer Company sells 10% bonds having a maturity value of pound 3,000,000 for pound 2, 783, 724. The bonds January 1, 2015, and mature January 1, 2020. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization. (Round answers to 2 decimal places, e.g. 5, 275.20. calculation purposes, use 5 decimal places as displayed in the factor table provided.)