On January $1,2025,$ Blue Company sold $11\%$ bonds havingPrepare a schedule of interest expense and bond amortization for $2025-2027.($Round answer to $2$ decimal places, e$.$g$.$

$38,548\mathrm{.}25.)$

Schedule of Interest Expense and Bond Premium Amortization

Effective$-$Interest Method a maturity value of $$500,000\mathrm{.}00$ for $$518,953\mathrm{.}45,$ which provides the bondholders with a $10\%$ yield. The bonds are dated January $1,2025,$ and mature January $1,2030,$ with interest payable December $31$ of each year. Blue Company allocates interest and unamortized discount or premium on the effective$-$interest basis.