Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A Period Ending June 1/20 (A) (B) Period Cash Interest Paid $630,000 7.0% 6/12 Interest Expense (E) x 6.0% x 6/12 (C) Amort. (D) Unamortized (E) Carrying Value $630,000 + (D) - (A) (B) Balance $43,324 $ 673,324 Dec. 1/20 $ 22,050 : $ 20,200 : $ 1,850 41,474 671,474 Dec. 1/26 22,050 19,412 2,638 14,426 644,426 June 1/27 22,050 19,333 2,717 11,709 641,709 Dec. 1/27 22,050 19,251 2,799 8,910 638,910 June 1/28 22,050 19,167 2,883 6,027 636,027 Dec. 1/28 22,050 19,081 2,969 3,058 633,058 June 1/29 22,050 18,992 3,058 0 630,000 Totals $ 396,900 $ 353,576 $43,324