View Policies Current Attempt in Progress Cullumber Company sells 10% bonds having a maturity value of $4,200,000 for $4,907,677. 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 premium amortization under the straight-line method. (Round answers to decimal places, eg. 38,548.) Schedule of Premium Amortization Straight-Line Method Interest Expense Premium Interest Payable Carr Amount Year Amortized Jan. 1.2020 $ $ Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 e Textbook and Media Save for Later Attempts: 0 of 7 used Submit