BlackSketelBalze issued $300,000 of 8%, three-year bonds at 95 on January 1, 2000. Interest is paid semi-annually on January 1 and July 1. The fiscal year ends on December 31. Interest expense is recorded on July 1 and December 31 of each year. This assignment requires you to calculate the interest expense and interest payments over the life of the bonds. You are also required to calculate the amortization of the bond discount and the carrying value of the bond at the end of the year for each year of the life of the bond using straight-line amortization.