On January 1 of this year. Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays interest every December 31. When the bond was issued, the annual market rate of interest was percent. Ikuta uses the effective-interest amortization method. (FV of $1 PV of $1. FVA of S1 and PVA of $1 (Use the appropriate factor(s) from the tables provided. Round your answers to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life Date Jan. 01, Year 1 Dec. 31. Year 1 Dec. 31. Year 2 Dec 31, Year 3 Cash Interest Book Value of Interest Expense Amortization Bond $ 97,327 5,000 $ 5.840 $ 840 S 98,167 $ 5,000 s 5,890 $ 890 $ 99,057 $ 5,000 $ 5,943 $ 9435 100,000 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 22 December 31 Year 1 Year 2 Interest expense Bonds payable