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On January 1, 2021, White Water issues $560,000 of 6% bonds, due in 20 years, with Interest payable annually on December 31 each year. Assuming

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On January 1, 2021, White Water issues $560,000 of 6% bonds, due in 20 years, with Interest payable annually on December 31 each year. Assuming the market Interest rate on the issue date is 7%, the bonds will issue at $500,674 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 12/31/2021 12/31/2022

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