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[The following information applies to the questions displayed below.] On January 1...

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Accounting

[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:
Date Cash Interest Amortization Balance
1/1/20x1 $ 46,831
12/31/20x1 $ 2,162 $ 1,967 $ 19546,636
12/31/20x2?question mark ?question mark ?question mark 46,433
12/31/20x3?question mark ?question mark 212?question mark
12/31/20x4?question mark 1,941?question mark 46,000
P10-10 Part 5
5. How much cash will be disbursed for interest each period and in total over the life of the bonds?

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