[The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Amortization S 220 248 Cash Balance 56,966 56,746 56,512 Interest January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,752 $ 3,532 3.488 56,000