View Policies Current Attempt in Progress -/1 E Sandhill Company sells 8% bonds having a maturity value of $1,360,000 for $1,163,905. 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 straight-line method. (Round answers to O decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Cash Interest Year Paid Expense Jan. 1, $ 2020 Jan. 1, 2021 Jan. 1, 2022 Jan. 1, 2023 Jan. 1. 2024 Jan. 1. 2025 Discount Amortized