! Required information P10-15 (Algo) Computing Amounts for a Bond Issued at a Discount and Comparing Effective-Interest Amortization to Straight-Line Amortization LO10-4 (The following information applies to the questions displayed below.) TeslaShock Corporation manufactures electrical test equipment. The company's board of directors authorized a bond issue on January 1 of this year with the following terms: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Face (par) value: $804,000 Coupon rate: 8 percent payable each December 31 Maturity date: December 31, end of Year 5 Annual market interest rate at issuance: 12 percent P10-15 Part 3 3. Assume that the company used the effective-interest amortization method. Compute the following for Year 1 through Year 5: (Round your final answers to nearest whole ollar amount.) a. Cash payment for bond interest. b. Bond interest expense. Bond Amortization Schedule Date Cash Payment Interest Expense Amortization of Discount Net Liability Issuance End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 64,320 64,320 64,320 64,320 64,320 $ End of Year 5 $ 0