Stanford issues bonds dated January 1, 2015, with a par value of $256,000. The bonds annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $243,421.

Prepare an Amortization table using the effective interest method to amortize the discount for these bonds. (Round all amounts to the nearest whole dollar.)

Semiannual Cash Interest Paid Bond Interest Expense Discount Amortization Unamortized Discount Interest Carrying Value Period-End 01/01/2015 06/30/2015$ 12/31/2015 06/30/2016 12/31/2016 06/30/2017 12/31/2017 Total $243,421 12,800 14,605