Question: On January 1 , 2 0 2 0 , Cullumber Company purchased $ 4 9 0 , 0 0 0 , 1 0 % bonds

On January 1,2020, Cullumber Company purchased $490,000,10% bonds of Aguirre Co. for $453,933. The bonds were purchased to
yield 12% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1,2025. Cullumber
Company uses the effective-interest method to amortize discount or premium. On January 1,2022, Cullumber Company sold the
bonds for $455,456 after receiving interest to meet its liquidity needs.
Prepare the amortization schedule for the bonds. (Round answers to 0 decimal places, e.g.1,250.)
On January 1,2020, Cullumber Company purchased $490,000,10% bonds of Aguirre Co.

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