Bonds Issued at a Premium (Effective Interest) Haley Industries issued $160,000 of 15%, 7-year bonds on January 1, 2024, with a $6,861 premium. Interest is paid annually on December 31. The market rate of interest is 14%. Required: Prepare the amortization table using the effective interest rate method. If an amount box does not require an entry, leave it blank. If the answer is zero, enter 0. When required, round your answers to the nearest whole dollar. And, round final year to complete the amortization.