On January 1, 2018, Splash City issues $430,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $394,979.

1a. Complete first three rows of an amortization table.

1b. Record bond issuance on Jan 1 2018 and first two semiannual interest payments on June 30 and December 31.