The following are selected transactions for Tyler, Inc., for Year $1$ and Year $2.$ The firm ends its fiscal year on December $31.$

Year $1$

Dec. $31$ Issued $$500,000$ of $12\%,10-$year bonds for $$562,360,$ yielding an effective rate of $10\%.$ Interest is payable June $30$ and December $31.$

Year $2$

June $30$ Paid semiannual interest and recorded semiannual premium amortization on bonds.

Dec. $31$ Paid semiannual interest and recorded semiannual premium amortization on bonds.

a$.$ Complete the effective interest amortization schedule for the bond for Years $1-3.$ Use EXHIBIT $9-5$ as an example. Round all calculations to the nearest dollar.

b$.$ Determine the financial statement effect of the transactions in Years $1$ and $2.$

TIP: If a category is not affected by the bond issuance, enter $0$ or leave the field blank. If the

transaction affects two accounts in the same category, enter the largest amount in the first row.