On January 1, 2016, a company issues 3-year bonds with a face value of $80,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $84,357 for the bonds.

Required:

Fill in the table assuming the company uses effective-interest bond amortization. (Round your answers to the nearest whole dollar.)

Table

Period Ended	cash paid	interest expense	amortized premium	bonds payable	premium on bonds payable	carrying value
01/01/2016
12/31/2016
12/31/2017
12/31/2018