Castlegar General Stores Inc. is authorized to issue $540,000 of 8.6%, 10-year bonds. On December 31, 2020, when the market interest rate is 9.6%, the company issues $432,000 of the bonds and receives cash of $402,473. Castlegar General amortizes bonds by the effective-interest method. The semi-annual interest dates are January 31 and July 31. Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods. 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021. Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round the amounts to the nearest dollar.) Castlegar General Stores Inc. Amortization Table Semi-Annual Interest Date A B Interest Payment Interest Expense (4.8% (4.3% of Face of Preceding Bond Value) Carrying Amount) D Discount Amortization Discount Account (B-A) Balance (D-C) E Bond Carrying Amount ($432,000-D) Dec. 31, 2020 Jan. 31, 2021 July 31, 2021 Jan. 31, 2022 July 31, 2022