Stanford issues bonds dated January 1, 2017, with a par value of $254,000. The bonds annual contract rate is 8%, 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 10%, and the bonds are sold for $241,104.

Prepare an amortization table using the effective interest method to amortize the discount for these bonds.