Culver Co. sells $461,000 of 8% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021. Prepare a bond amortization schedule using the effective interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Date 3/1/20 $ 415662 9/1/20 18440 24940 6500 422162 3/1/21 18440 25330 6890 429052 9/1/21 18440 25743 7303 436355 3/1/22 18440 26181 7741 444096 9/1/22 18440 26646 8206 452302 3/1/23 18440 27138 8698 461000 9/1/23 18440 27660 9220 470220