Topic: Shelly's Auto Repair, a private company, is preparing to issue a bond to open a new branch in an up-and-coming city. The bookkeeper, Carson Booker, plans to amortize the bond using the effective-interest method. For calculation purposes, assume the following information: The bond is expected to be a 5-year, $100,000 face value, 6% bond with an effective annual yield of 5%. Interest will be payable semiannually. If all goes well, the bond will be issued on March 1, 2020, and the first interest payment date will be September 1, 2020. The bonds are expected to be callable at 102 at any time on or after March 1, 2022. Requirements: You have been hired as an expert on bonds to write a memo to Carson explaining the following: a) Educate the company on how bond redemptions work. What are the pros and cons of calling the bond before maturity? What are some things to consider? b) Include an amortization schedule using the effective interest method as an exhibit to follow your memo (you do not need to consider prorations)