Exercise 14-6 Your answer is partially correct. Try again. Pronghorn Company sells 10% bonds having a maturity value of $1,400,000 for $1,299,071. The bonds a 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Cash Paid Discount Amortized Carrying Amount of Bonds nterest Year Expense Jan. 1, 2017 0 0 0 1299071 00 34185.8020185.80 319256.8 14000 34185.0 20185 803942.64 14000 34185.0 20185 80 359628.4 14000 34185.0 20185 80379814,2 Jan. 1, 2018 14000 F. Jan. 1, 2019 20185.80 1339442.60 F. F. Jan. 1, 2020 20185.80 1359628.40 Jan. 1, 2021 20185.80 1379814.20 F. Jan. 1, 2022 14000 34185.80 20185.80 1400000