1.Kempton Corporation issued $250,000 of 6% 7-year bonds on January 1, 2019, for $230,000. Interest is paid annually on December 31. The market rate of interest is 8%.

Prepare the amortization table through December 31, 2022, using the effective interest rate method. (Round to the nearest dollar)

CashInterest Discount onDiscount onCarrying

PeriodPaymentExpense bonds Payablebonds payable BalanceValue