On January 2, 2020, SSP Corporation issues $940,000 of 7 percent bonds at a time when the market rate of interest is 8 percent. These bonds mature in two years and pay interest semi-annually Click the icon to view the amortization table.) On April 30, 2020, SSP Corporation issues 5940,000 of five-year 7 percent bonds thurgay interest semnat The bonds are issued when the market interest rates 6 percent (Click the icon to view the amortization table.) Amortization Table bonds issued January 2, 2020 Interest Expense (4% of Interest Payment Preceding Bond (3.5% of Carrying Maturity Value) Amount) Discount Bond Carrying Amount Semi-annual Amortization Interest Period (AHB) Unamortized Discount Account Balance (Preceding D- Current C) $ 38,121 34,946 31,644 28,210 Issue Date $ 2 3 36,075 36,202 36,334 36,472 36,614 4 32,900 32,900 32.900 32.900 32,900 32.900 32,900 32,900 32.900 32.900 5 (940,000 -D) $ 901,879 905,054 908,356 911,790 915,362 919,076 922939 926,957 931,135 935,480 3,175 3,302 3,434 3,572 3,714 3,863 4,018 4,178 4,345 4,520 24,638 20,924 17,061 13.043 6 7 36,763 36,918 37,078 37 245 8 8.865 4.520 9 0 940,000 10 37.420 Print Done - Amortization Table - bonds issued April 30, 2020 Unamortized Premium Account Interest Expense (3% of Interest Payment Preceding Bond (3.5% of Carrying Maturity Value) Amount) Premium Balance Semi-annual Amortization (A-B) (Preceding D - Current C) Bond Carrying Amount (940,000+ D) Interest Period Issue Date $ 1 S $ 2 3,497 3,602 3,710 40,092 36,595 32.993 29,283 25,461 21,525 3 29,403 29,298 29.190 29.078 28,964 28,846 28.724 4 980.092 976,595 972,993 969,283 965,461 961,525 957 471 953.295 32,900 32.900 32.900 32.900 32.900 32.900 32.900 32.900 32.900 32.900 5 6 7 3,822 3,936 4,054 4,176 4,301 4.430 4.564 17,471 13 295 8,994 4,564 8 28,599 28.470 28.336 948,994 944 564 9 0 940,000 10 Print Done a will the periodic amount of interest expense increase or decrease over the life of a bond wund at a discount under the effective-nterest amortization method? The periodic amount of interest expense because the carrying amount of the bond V toward maturity value b. Will the periodic amount of interest expense increase or decrease for a bond issued at a prerrum? Assume the allective-Interest method of amortizing the premium The periodic amount of interest expense because the carrying amount of the bond toward maturity value