On January 1, when the market interest rate was 9 percent, Seton Corporation completed a $290,000, 8 percent bond issue for $271,387. 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 whole dollar.) Answer is complete but not entirely correct. Changes During the Period Ending Bond Liability Balances Period Ended Interest Cash Paid Expense Discount Amortized Bonds Payable Discount on Bonds Carrying Value Payable Start 290,000 18,613 271,387 Year 1 End 24,535 x 24,425 1,225 290,000 17,388 272,612 Year 2 End 23,200 24,535 1,335 290,000 16,053 273,947 Year 3 End 23,200 24,655 1,455 290,000 14,598 275,402 Year 4 Endi 23,200 24,786 x 1,586 290,000 13,012 276,988 Year 5 End 23,200 24,929 1,729 290,000 11,283 278,717 Year 6 End 23,200 25,085 1,885 290,000 9,398 280,602 Year 7 End 23,200 25,254 2,054 290,000 7,344 282,656 Year 8 End 23,200 25,439 2,239 290,000 5,105 284,895 Year 9 End 23,200x 25,641 2,441 290,000 2,664 287,336 Year 10 End 23,200 25,864 2,664 290,000 290,000