Help On January 1 of this year, Houston Company issued a bond with a face value of $17,000 and a coupon rate of 7 percent. The bond matures in 3 years and pays Interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent Houston uses the effective-interest amortization method. (FV of $1. PV of $1. FVA Of 51and PVA of $1 (Use the appropriate factors) from the tables provided. Round your final answers to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life. (Enter all values as positive values.) Date Cash Interest Expense Amortization mort Interest Book Value of Bond Jan. 01. Year 1 Dec. 31, Year 1 Dec. 31. Year 2 Dec. 31, Year 3 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2? Year 1 Year 2 December 31 Interest expense Bond liability Help On January 1 of this year, Houston Company issued a bond with a face value of $17,000 and a coupon rate of 7 percent. The bond matures in 3 years and pays Interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent Houston uses the effective-interest amortization method. (FV of $1. PV of $1. FVA Of 51and PVA of $1 (Use the appropriate factors) from the tables provided. Round your final answers to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life. (Enter all values as positive values.) Date Cash Interest Expense Amortization mort Interest Book Value of Bond Jan. 01. Year 1 Dec. 31, Year 1 Dec. 31. Year 2 Dec. 31, Year 3 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2? Year 1 Year 2 December 31 Interest expense Bond liability