30-40 HUS-/c5d9e4caet#/question/1 Assignment - 2020 Question 2 of 8 - 112 Blossom Corporation issued $3.60 million of 7-year, 3% bonds dated January 1, 2021, for $3,179,127. The market interest rate when the bonds were issued was 5%. Interest is payable semi-annually on January 1 and July 1. Blossom has a December 31 year end. (a) Prepare an amortization schedule for the first three interest payments. (Round answers to decimal places, eg. 5,276) BLOSSOM CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 3% Bonds Issued at market rate of 5% Interest Payment Interest Expense Discount Amortization Bond Amorti $ Date Jan 1. 2021 July 1. 2021 Jan. 1, 2022 July 1. 2022 30-40 HUS-/c5d9e4caet#/question/1 Assignment - 2020 Question 2 of 8 - 112 Blossom Corporation issued $3.60 million of 7-year, 3% bonds dated January 1, 2021, for $3,179,127. The market interest rate when the bonds were issued was 5%. Interest is payable semi-annually on January 1 and July 1. Blossom has a December 31 year end. (a) Prepare an amortization schedule for the first three interest payments. (Round answers to decimal places, eg. 5,276) BLOSSOM CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 3% Bonds Issued at market rate of 5% Interest Payment Interest Expense Discount Amortization Bond Amorti $ Date Jan 1. 2021 July 1. 2021 Jan. 1, 2022 July 1. 2022