163, On January 1, 2018, Ripstick Park issues $800,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850. 1. Complete the first three rows of an amortization table through December 31, 2018 2. Record the bond issue on January 1, 2018, and the first two semi-annual interest payments on June 30, 2018, and December 31, 2018. (1) Date 2) Cash (3) Interest4)5) Carrying Expense Decrease in Carrying Value Face Carrying (2) (3) Prior mount Value x Carrying Value (4) Market Stated Rate Rate 1/1/2018 6/30/2018 $32,000 $29,990 $2.010 854,840 12/31/2018 32,000 29,919 2,081 852,759 $856,850