Chilliwack General Stores Inc. is authorized to Issue $520,000 of 7.2%, 10-year bonds. On December 31, 2020, when the market interest rate is 8.2%, the company insum $416,000 of the bonds and receives cash of $387,566. Chilliwack 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) Semi-Annual Interest Date Dec. 31, 2020 Jan. 31, 2021 July 31, 2021 A Interest Payment (3.6% of Face Value) Chilliwack General Stores Inc. B Amortization Table Interest Expense (4.1% of Preceding Bond Carrying Amount) C D E Discount Amortization (BA) Bond Carrying Discount Account Amount Balance (D.C) ($416,000-D)