Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 and their market rate is 8% at the issue date.

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

Semiannual Interest Period-End	Cash Interest Paid	Bond Interest Expense	Discount Amortization	Unamortized Discount	Carrying Value
01/01/2015				$32,819	$292,181
06/30/2015
12/31/2015
06/30/2016
12/31/2016