Ike issues $150,000 of 11%, three-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $153,805. Their market rate is 10% at the issue date.

3. Prepare an effective interest amortization table for the bonds' first two years. Semiannual Interest Period-End 01/01/2017 Cash Interest Bond Interest Pre Unamortized Carrying Value Paid Expense Amortization Premium 06/30/2017 12/31/2017 06/30/2018 12/31/2018