10) Standard Autoparts Inc. issued $160,000 of 3%, 10-year bonds at a price of 85 on January 31, 2020. The market interest rate at the date of issuance was 6%, and the standard bonds pay interest semi-annually 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Standard's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Standard Autoparts Amortization Table A B D E Bond Discount Semi-annual Interest Payment (1.5% of Maturity Value) Interest Expense (3% of Preceding Bond Carrying Amount) Amortization (B-A) Bond Discount Bond Account Balance Carrying Amount (Preceding D-C) ($160,000 -D) Interest Date Jan. 31, 2020 Enter any number in the edit fields and then click Check Answer 5 parts Clear All Check Answer remaining