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Bonds Issued at a Discount $($Effective Interest$)$

Crafty Corporation received $$761,053$ of cash upon issuance of $800,$ $$1,000$ par value bonds. Each bond has a stated rate of $9\%$ and will mature on December $31,2030,7$ years after the issuance of the bonds. Interest is paid annually on December $31.$ The market rate of interest is $10\%.$

Required:

Prepare the amortization table using the effective interest rate method.

Note: If an amount box does not require an entry, leave it blank and if the answer is zero, enter $"0".$ Round Interest Expense to the nearest whole dollar. And, round final year amount to complete the amortization.