On January 1, 2021, Splash City issues $300,000 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 $279,615.

Required: 1. Complete the first three rows of an amortization table.

Date	Cash Paid	Interest Expense	Change in Carrying Value	Carrying Value
1/1/21
6/30/21
12/31/21