Required information P10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 [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 January 1, Year 1 $ 32,566 End of Year 1 $ 1,792 $ 1,661 $ 131 32,435 End of Year 2 ? ? ? 32,297 End of Year 3 ? ? 145 ? End of Year 4 ? 1,640 ? 32,000