Oak Branch Inc. Issued $700,000 of 8%, 10 year bonds when the market rate was 7%. They received $749,757. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. Round intermediate and final answers to whole dollar amount. Cash Interest Interest on Amortization of Payment Carrying Value Premium Carrying Value Jan, 1 Year 1 749,757 Tune 30, Year! Dec 31. Year 1 June 30, Year 2 Dec. 31. Year 2 June 30 Year 3 Dec. 31. Year 3 The amortization of a discount or premium is the difference between the interest Calculated on the bond and the interest on the carrying value Depending on whether the bond was issued at a discount or premium, the amount of the amortization is other added ee subtracted from the carrying value Check My Work Pre M arch o i 1:33 AM 1126/2020