Cornerstone Exercise 9-40 Debt Issued at a Premium (Straight Line) On December 31, 2018, Ironman Steel issued $800,000, eight-year bonds for $880,000. The stated rate of interest was 6% and interest is paid annually on December 31 Required: Prepare the amortization table for Ironman Steel's bonds. For those boxes in which no entry is required, leave the box blank. If the amount is zero, enter "O" Ironman Steel Amortization Table Cash Payment Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Bond Payable Carrying Value 880,000 Period Credit) At issue 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 Balance (Credit) 80,000 0