On January 1, 2015, Methodical Manufacturing issued 100 bonds, each with a face value of $1,000, a stated interest rate of 8 percent paid annually on December 31, and a maturity date of December 31, 201 On the issue date, the market interest rate was 7.25 percent, so the total proceeds from the bond issue were $101,959. Methodical uses the straight-line bond amortization method and adjusts for any rounding errors when recording interest in the final year Required 1. Prepare a bond amortization schedule Changes During the Period Ending Bond Liability Balances Premium Period Ended Cash Premium Interest Paid Amortized Expense Payable Bonds Value se Payable n Bonds Carrying Payable 01/01/15 12/31/15 12/31/16 12/31/17