BE9-14 Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Increase inCarrying Period for Interest Expense Carrying Value Value Issue date $2,450 $2,558 2,450 2,562 $108 112 $63,948 64,056 64,168 1. Record the bond issue assuming the face value of bonds payable is s70,000. 2. Record the first interest payment. 3. Explain why interest expense increases each period