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Davidson Construction is a construction company with a December 31 year end. It is planning to expand its facilities by constructing a new building and

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Davidson Construction is a construction company with a December 31 year end. It is planning to expand its facilities by constructing a new building and acquiring new equipment. In order to complete this project, the company has decided to issue $100,000 worth of 3-year bonds at 5% on July 1, 2020. The interest pay- ment is made semi-annually on June 30 and December 31. Just as the company completes all the necessary contracts, and is ready to issue the bonds, the market rate increases to 6%, The premium or discount is amortized using the straight-line method. REQUIRED: Complete the following Amortization Chart, using the above financial information Period BOND AMORTIZATION CHART - straight-line method Interest Discount. Interest Discount Payment Amortization Expense Balance 2,708 Bond Book Value 97,292 (given) 1 2 3 4 5 6 (25 points)

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