On January 1, 2018, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $429,678.

Complete the first three rows of an amortization table.

Date	Cash Paid	Interest Expense	Increase in Carrying Value	Carrying
1/1/18
6/30/18
12/31/18