Culver Company sells 10% bonds having a maturity value of $2,390,000 for $2,217,700. 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.) Year Jan. 1. 2020 Jan. 1. 2021 Jan. 1, 2022 $ Cash Paid $ Schedule of Discount Amortization Straight-Line Method Interest Expense 10 10 $ Discount Amortized $ Carrying Amount of Bonds