On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $270,000, 9 percent bond issue for $253,399. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount.

3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.)

Answer is not complete Changes During the Period Ending Bond Liability Balances Discount on Bonds Payable Period Interest Expense Discount Amortized Bonds Payable Carrying Value Cash Paid Ended Start Yr 1 End Yr 2 End Yr 3 End Yr 4 End Yr 5 End Yr 6 End Yr 7 End Yr 8 End Yr 9 End Yr 10 End 25,34024,300 25,44424,300 25,5524,300 25,68424,300 25,82324,300 25,97524,300 2,1224,300 2,3224,300 2,5224,300 24,300 ,040 1,144 1,258 1,384 1,523 1,675 1,842 2,026 2,229 0 0