on January 1st, 2018, White Water issues $440,000 of 7% bonds, due in 10 years, with interest payable semi annually on June 30th and December 31st each year. The market interest rate on the issue date is 6% and the bond issued at $472,730.

Required: 1. Using an amortizati on schedule, show that the bonds have a carrying value of $464,851 on December 31,2020 Paid Interest Decrease in Carryin se 01/01/18 6/30/18 12/31/18 6/30/19 12/31/19 12/31/20