Question: Required information Exercise 1 0 - 7 ( Algo ) Straight - Line: Amortization table and bond interest expense LO P 2 [ The following

Required information Exercise 10-7(Algo) Straight-Line: Amortization table and bond interest expense LO P2[The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a \(\$ 119,000\) par value on January 1,2021, at a price of \(\$ 114,840\). The annual contract rate is \(5\%\), and interest is paid semiannually on June 30 and December 31. Exercise \(10-7\)(Algo) Part 11. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.)

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