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On January 1, 2020, Sro Company issued ten convertible bonds with a par value of $8,000...

On January 1, 2020, Sro Company issued ten convertible bonds with a par value of $8,000 per bond in market for $82,000 in total. Each bond is convertible into 800 ordinary shares of $3 per ordinary share par value. The bonds have a four-year life and a stated interest rate of 8% payable annually. The market interest rate for similar non-convertible bonds on January 1, 2020, is 9%.

Prepare the amortization schedule for the bonds, including the cash interest, interest expense, amortized amount, and carrying amount of the bonds.

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