On January 1, 2020, Splish Company issued a $1,209,000, 5-year, zero-interest-bearing note to Blossom Bank. The note was issued to yield 9% annual interest. Unfortunately, during 2021 Splish fell into financial trouble due to increased competition. After reviewing all available evidence on December 31, 2021, Blossom Bank decided that the loan was impaired. Splish will probably pay back only $806,000 of the principal at maturity. SCHEDULE FOR INTEREST AND DISCOUNT AMORTIZATION- EFFECTIVE-INTEREST METHOD $1,209,000 Note Issued to Yield 9% Cash Paid Interest Expense Discount Amortized Carrying Amount of Note -20 $ $ $ -21 22 -23 24 $ $ $