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Sandhill Co0 is building a new hockey arena at a cost of $2,310,000. It received...

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Accounting

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Sandhill Co0 is building a new hockey arena at a cost of $2,310,000. It received a downpayment of $490,000 from local businesses to support the project, and now needs to borrow $1,820,000 to complete the project. It therefore decides to issue $1,820,000 of 12%,10-year bonds. These bonds were issued on January 1,2019 , and pay interest annually on each January 1 . The bonds yield 11%. Prepare a bond amortization schedule up to and including January 1,2023, using the effective interest method. (Round answers to Odecimal places, e.s. 38,548.)

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