Chilliwack General Stores Inc. is authorized to issue $550,000 of 7.2%, 10-year bonds. On December 31, 2020, when the market interest rate is 8.2%, the company issues $440,000 of the bonds and receives cash of $409,926. 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. BB Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round the amounts to the nearest dollar.) Chilliwack General Stores Inc. Amortization Table Semi-Annual Interest Date A B Interest Payment Interest Expense (4.1% (3.6% of Face of Preceding Bond Value) Carrying Amount) D Discount Amortization Discount Account (B-A) Balance (D-C) 30074 E Bond Carrying Amount ($440,000-D) 409926 Dec. 31, 2020