Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 1,980 $ 1,792 Balance $ 44,799 44,611 44,415 $ 188 203 1,768 44,000 P10-10 Part 3 3. How much cash was received on the day the bonds were issued (sold)? Cash received