Prepare aneffective-interest amortization table for the bonds through the first three interest payments.

Specialty Autoparts Inc. issued $130,000 of 8%, 10-year bonds at a price of 88 on January 31, 2017. The market interest rate at the date of issuance was 10%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Specialty's issuance of the bonds on January 31, 2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Specialty Autoparts Amortization Table A B C D E Interest Payment Interest Expense Bond Discount Bond Discount Bond Semi-annual (4% of (5% of Preceding Bond Amortization Account Balance Carrying Amount Interest Date Maturity Value) Carrying Amount) (B - A) (Preceding D - C) ($130,000 - D) Jan 31, 2017 July 31, 2017 5200 Jan 31, 2018 5200 July 31, 2018 5200