On December 31, Casper, Inc., issued $300,000 of eight percent, ten-year bonds for $262,613, yielding an effective interest rate of ten percent. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount.
Prepare an amortization schedule showing the necessary information for the first two interest periods. Round amounts to the nearest dollar.