Bonds Issued at a Discount (Effective Interest) Crafty Corporation received $473,968 of cash upon issuance of 500, $1,000 par value bonds. Each bond has a stated rate of 7% and will mature on December 31, 2030, 7 years after the issuance of the bonds. Interest is paid annually on December 31. The market rate of interest is 8%. Required: Prepare the amortization table using the effective interest rate method. Note: If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Round Interest Expense to the nearest whole dollar. And, round final year amount to complete the amortization. Crafty Corporation Amortization Table Period At issue Cash Interest Discount on Discount on Carrying Value Payment Expense Bonds Payable Bonds Payable (Credit) (Debit) (Debit) Balance 12/31/24 12/31/25 12/31/26 12/31/27 12/31/281 12/31/29 12/31/30