On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $100,000, 7 percent bond issue for $93,291. 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.) Changes During the Period Ending Bond Liability Balances Discount on Interest Expense Discount Amortized Period nds Payable Bonds Payable Carrying Value Cash Paid Bo 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 Yr9 End Yr 10 End