Transcribed image text : Concord Company sells 8% bonds having a maturity value of $2 , 000 , 000 for $1 , 848 , 366 . The bonds are dated January 1,2020 , and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate