having difficulty with this problem, I can't figure 14-6 out and I'm also required to do 14-7 but I don't know how to get the effective rate. sos

E 14-6 (L01) (Amortization Schedule-Straight-Line) Devon Harris Company sells 10% bonds having a maturity value of $2,000,000 for $1,855,816. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Instructions Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to the nearest ce E14-7 (LO1) (Amortization Schedule-Effective-Interest) Assume the same information as E14-6 Instructions 785 Set up a schedule of interest expense and discount amortization under the effective-interest method. (Hint: The effective-interest rate must be computed.)