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Chwe Required information [The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $440,000 of 7% bonds due in

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Chwe Required information [The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $440,000 of 7% bonds due in 10 years, with interest payable annually on December 31 each year Assuming the market interest rate on the issue date is 8%, the bonds will issue at $410,474 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 12/31/2021 12/31/2022

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