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Luoston Help On January 1, 2018, Flint Incorporated issued $1,540,000 par value, 6%, 7-year bonds (.o., there were 1,540 of $1,000 par value bonds in

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Luoston Help On January 1, 2018, Flint Incorporated issued $1,540,000 par value, 6%, 7-year bonds (.o., there were 1,540 of $1,000 par value bonds in the issue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1. The issue price of the bonds based on a 10% market rate of interest is $1,158,902. Prepare the amortization table for the first 2 years, assuming Flint uses the straight-line method. (Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table.) Cash Straight-Line Interest Discount Premium Amortization Carrying Value Interest Date January 1, 2018 July 1, 2018 January 1, 2019 July 1, 2019 January 1, 2020 Enter any number in the edit fields and then click Check Answer Check Answer AR

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