CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION Exercise 10-27 (Part Level Submission) Founder Corporation issued $350,000,7%, 20-year bonds on January 1, 2022, for $315,638. This price resulted in an effective interest rate of 8% on the bonds. Interest is payable annual January 1. Founder uses the effective interest method to amortize bond premium or discount (91) Prepare the schedule using effective-interest method to amortize bond premium or discount of Flounder. (Round answers to o decimal places, e.g. 5,275.) Interest Interest to Interest Expense Discount Unamortized Bond Periods Be Paid to Be Recorded Amortization Discount Carrying Value Issue date 0 1 2