! 6 Required information [The following information applies to the questions displayed below) On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $300,000, 9 percent bond issue for $281,554. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. Part 2 of 2 1.06/2.4 points awarded 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.) Scored Changes During the Period Period Ended Cash Paid Discount Amortized Interest Expense Ending Bond Liability Balances Discount Bonds Carrying on Bonds Payable Value Payable 300,000 18,446 281,554 282,709 300,000 17.291 X 27,000 1.155 X 28.155 X 27,000 16.020 X 28,271 x 283,980 1,271 X 300,000 300,000 1,398 X 28,398 X 285,378 27,000 14,622 X 27,000 28,538 X 13,084 X 300,000 286,916 1,538 X 28.692 x 300,000 11.392 X 288,608 Start Yr 1 End Yr2 End Yr 3 End [Yr4 End Yr 5 End Yr 6 End Yr7 End Yr 8 End Yr 9 End Yr 10 1,692 X 27,000 300,000 28,861 x 9,531 x 290,469 27,000 1,861 X 292,515 7,485 X 27,000 300,000 2,047 X 29,047 X >>> 300,000 294,767 5,233 2.252 x 29,252 X OOO 27.000 297,244 2,756 X 300.000 27,000 2,477 X 29,477 X lla