Ike issues $160,000 of 13%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $163,940. When the market rate is 12%.

3. Prepare an effective interest amortization table for the bonds' first two years.

What did i do wrong?

Answer is complete but not entirely correct. Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value $ Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 $ $ $ 10,400 10,400 10,400 10,400 9,836 9,634 9,477 9,376 % 564 766 X 923 X 1,024 X 3,940 3,376 2,610 X 1,687 X 663 X 163,940 160,564 X 157,953 X 157,030 156,006