Question: Conner Inc, issued $ 4 , 0 0 0 , 0 0 0 ; 6 % , 5 - year bonds on January 1 ,

Conner Inc, issued $4,000,000; 6%,5-year bonds on January 1,2024 and received cash totaling $4,175,047. The bonds pay interest semiannually on June 30 and December 31. The company uses the effective interest method of amortizing discounts and premiums. The bonds were sold to yield an effective-interest rate of 5%. Show the calculations for the effective interest method of amortization through December 31,2025 using a table.

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