On January 1, 2018, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $354,549.

On January 1, 2018, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $354,549 value: 10.00 points Required 1. Complete the first three rows of an amortization table. Date Cash Paid Interest Decrease in Carrying Expense Carrying Value Value 6/30/18 12/31/18