On January 1,2025, Splish Company purchased $450,000,10% bonds of Aguirre Co. for $416,878. The bonds...

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Accounting

On January 1,2025, Splish Company purchased $450,000,10% bonds of Aguirre Co. for $416,878. The bonds were purchased to yield 12% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1,2030. Splish Company uses the effective-interest method to amortize discount or premium. On January 1,2027, Splish Company sold the bonds for $418,480 after receiving interest to meet its liquidity needs.
Prepare the amortization schedule for the bonds. (Round answers to 0 decimal places, e.g.1,250.)
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