Oak Branch Inc. issued $700,000 of 5%, 10-year bonds when the market rate was 4%. They received $757,243. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds.

	Beginning Carrying Value	Cash Interest Payment	Interest on Carrying Value	Amortization of Premium	Ending Carrying Value
Jan. 1, Year 1
June 30, Year 1
Dec. 31, Year 1
June 30, Year 2
Dec. 31, Year 2
June 30, Year 3
Dec. 31, Year 3