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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

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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 6%, the bonds will issue at $515708. 11. 0.58 points value: Required: 1. Complete the first three rows of an amortization table. Cash Paid Expense Carrying Value InterestDecrease in Carrying Value 6/30/18 12/31/18

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