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Bonds Issued at a Discount (Effective Interest) Crafty Corporation recelved $378,443 of cash upon issuance of 400,$1,000 par value bonds. Each bond has a stated

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Bonds Issued at a Discount (Effective Interest) Crafty Corporation recelved $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 callected 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 amortiation table using the effective interest rate method: Note: Round interest expense to a dollar and round final vesr interest expense amount to complete the amortization. 3 more Check My Work uses remaining Neat 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

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