Kingbird Co. sells $451,000 of 8% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end. (Round answers to O decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Date 3/1/20 $ 0 $ 0 $ 0 400648 9/1/20 18040 48078 30038 430686 3/1/21 18040 51682 33642 464328 9/1/21 18040 55719 37679 502008 3/1/22 18040 60241 42201 544209 9/1/22 18040 65305 47265 591474 3/1/23 18040 70977 52937 644410 9/1/23 18040 77329 59289 703700