Bonds Issued at a Discount (Effective Interest) Crafty Corporation received $378,443 of cash upon issuance of...

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Bonds Issued at a Discount (Effective Interest) Crafty Corporation received $378,443 of cash upon issuance of 400, $1,000 par value bonds. Each bond has a stated rate of 6% 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 7%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. Open spreadsheet Required: Prepare the amortization table using the effective interest rate method. Note: Round interest expense to a dollar and round final year interest expense amount to complete the amortization. Crafty Corporation: Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) At issue 12/31/24 12/31/25 12/31/26 Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value Bonds Issued at a Discount (Effective Interest) Crafty Corporation received $378,443 of cash upon issuance of 400, $1,000 par value bonds. Each bond has a stated rate of 6% 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 7%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. Open spreadsheet Required: Prepare the amortization table using the effective interest rate method. Note: Round interest expense to a dollar and round final year interest expense amount to complete the amortization. Crafty Corporation: Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) At issue 12/31/24 12/31/25 12/31/26 Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value