Current Attempt in Progress Skysong Inc., a private company following ASPE, is having difficulty meeting its working capital requirements. As a result, on January 1, 2023, the company sold bonds with a face value of $1.90 million, receiving $1,100,000 in cash. The bonds have an interest rate of 7% and mature on January 1, 2025. Interest is payable semi-annually on January 1 and July 1. Set up a schedule of interest expense and discount amortization under the straight-line method. Schedule of Discount Amortization Straight-Line Method Year Jan. 1, 2023 July 1, 2023 $ Jan. 1, 2024 July 1, 2024 Jan.1, 2025 eTextbook and Media Interest Cash Expense Bond Payable Carrying Amount of Bonds