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Sunland Company issued $6,120,000 of 8% bonds on October 1, 2020, due on October 1, 2025. The interest is to be paid twice a year

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Sunland Company issued $6,120,000 of 8% bonds on October 1, 2020, due on October 1, 2025. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Sunland Company closes its books annually on December 31 (a) a Complete the following amortization schedule for the dates indicated. Use the effective interest method. (Round answers to o decimal places, eg. 5,275.) Date Carrying Amount of Bonds Cash Interest Expense Bond Discount October 1, 2020 $5,647,409 April 1 2021 October 1.2021

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