On June 1, 2019, Splish Company sold $3,720,000 in long-term bonds for $3,262,800. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bonds are to be accounted for under the effective-interest method. Required:
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31.

For second period

Cash interest = $3,720,000 * 8% = $297,600

Interest expenses = 3,262,800 * 10% = $326,280

Discount = $326,280 - $297,600 = $28,680

For third period

Cash interest = $3,720,000 * 8% = $297,600

Interest expenses = $3,291,480 * 10% = $329,148

Discount = $329,148 - $297,600 = $31,548

                         Effective interest amortization table

Annual period  Cash int.   Interest exp   Discount   Carrying amount

6/1/19                                                                                $3,262,800

5/31/20              $297,600   $326,280       $28,680     $3,291,480

5/31/21               $297,600   $329,148        $31,548      $3,323,028

5/31/22              $297,600   $332,303       $34,703      $3,357,731

5/31/23              $297,600   $335,773        $38,173       $3,395,904

its kinda hard to answer this when we dont have all the information that we need.

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