Sunland Cars Co. issued $1.58 million of 5%, 5-year bonds on January 1, 2021. The bonds were dated January 1 and pay interest annually. The bonds are secured with real estate holdings. The market interest rate was 4% for these bonds. Sunland has a calendar year end. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Prepare an effective interest amortization table for these bonds. (Round answers to decimal places, eg. 5,275.) SUNLAND CARS CO. Bond Premium Amortization Table Effective Interest MethodAnnual Interest Payments 5% Bonds Issued at market rate of 4% Interest Expense Premium Amortization Date Interest Payment Bond Amortize Jan. 1. 2021 $ $ $ Jan 1. 2022 Jan 1. 2022 Jan. 1. 2024 Jan. 1 2025 Jan. 1. 2026