Tamarisk inc. sells $10\%$ bonds having a maturity value of $$2$ million for $$1,855,809.$ The bonds are dated January $1,2023,$ and mature on January $1,2028.$ Interest is payable annually on January $1.$

$($a$)$

Set up a schedule of interest expense and discount amortization under the effective interest method. $($Hint$.$ The effective interest rate must be calculated using $(1)$ a financial calculator or $(2)$ Excel function Rate Refer to Chapter $3$ for tips on calculating.$)($Round interest rate and final answers to $0$ decimal places, es$.5,275.)$

Jan. $1,2023$

Jan. $1\mathrm{.}2024$

interest rate and finol answers to $0$ decimal places, es$.5,275,)$