Fairfield Circuitry. Inc., issued $500,000 of 8 3/8% (0.08375), five-year bonds payable when the market interest rate was 9 1/2% (0.095), Fairfield pays interest annually at year end. The issue price of the bonds was $478,402 Required Create a spreadsheet model to prepare a schedule to measure interest expense on these bonds. Use the effective-interest method of amortization. Round to the nearest dollar, and format your answer as follows: A B C D E F Bond Interest Date Payment Interest Expense Discount Amortization Discount Carrying Balance Amount 1-1-X1 $ $478,402 12-31-X1 $ 12-31-X2 12-31-X3 9 12-31-X4 10 12-31-X5 500000.08375 +F5*.095 +C6-B6 500000-F5 +F5+D6 12345678