On January 1, 2018, Splash City issues $480,000 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 8%, the bonds will issue at $447,385.

On January 1 2018, Splash City issues $480,000 of 7% bonds due in 10 years, with interest payable semian lyon une 3 and December 31 eachy a Assuming the market interest rate on the issue date is 8%, the bonds will issue at $447,385 10. value: 10.00 points Required: 1. Complete the first three rows of an amortization table. Date Cash Paid Interest Increase in Expense CarryingCarrying Value 6/30/18 12/31/18