Cornerstone Exercise 9-29 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $400,000 in 8% bonds (payable on December 31, 2032) on December 31, 2022, for $376,000. Interest is paid on June 30 and December 31. The market rate of interest is 10%. Required: Prepare the amortization table through December 31, 2024, using the effective interest rate method. If required, round your answers to the nearest dollar. Sicily Corporation Amortization Table Period Cash Payment Interest Discount on Bonds (Credit) Expense (Debit) Payable (Credit) Discount on Bonds Payable Balance (Debit) Bond Payable Carrying Value (Credit) At issue NA NA NA $ $ 06/30/23 16,000 18,800 12/31/23 16,000 06/30/24 16,000 12/31/24 16,000