On January 1 of this year, Ikuta Company issued a bond with a face value of $140,000 and a coupon rate of 6 percent. The bond matures in 3 years and pays interest every December 31 . When the bond was issued, the annual market rate of interest was 7 percent Ikuta uses the effective-interest amortization method. (FV of \$1. PV of \$1. FVA of \$1, and PVA of \$1) Note: Use oppropriate foctor(s) from the tables provided. Required: 1. Complete a bond amortization schedule for all three years of the bond's life. 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2 ? Complete this question by entering your answers in the tabs below. Complete a bond amortization schedule for all three years of the bond's life. Note: Round your intermediate calculations and final answers to whole dollars. On January 1 of this year, Ikuta Company issued a bond with a face value of $140,000 and a coupon rate of 6 percent. The bond matures in 3 years and pays interest every December 31 . When the bond was issued, the annual market rate of interest was 7 percent Ikuta uses the effective-interest amortization method. (FV of \$1. PV of \$1. FVA of \$1, and PVA of \$1) Note: Use oppropriate foctor(s) from the tables provided. Required: 1. Complete a bond amortization schedule for all three years of the bond's life. 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2 ? Complete this question by entering your answers in the tabs below. Complete a bond amortization schedule for all three years of the bond's life. Note: Round your intermediate calculations and final answers to whole dollars