financial accounting

Problem 3 (21scores) On January 1, 2016, a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7%. Because the market interest rate is 9%, the company receives $47,469 for the bond. Required: Fill in the table assuming the company uses effective-interest bond amortization. Discount on PeriodCash Interest Amortized Ended Paid Expense Discount Payable Payable Value 01/01/16 Bonds Bonds Carrying 12/31/16 12/31/17 12/31/18