On June 1, 2020, the Seltzer Bottle Company sold $400,000 long-term bonds for $331,180. The bonds will mature in 10 years and pay interest semi-annually every June 1 and December 1. The bonds are to be accounted for under the effective interest method. The staff accountant has correctly prepared the following amortization schedule data. Use this data to answer the required: 1 2 Date Interest expense 3 4 1-Jun-20 5 1-Dec-20 5 1-Jun-21 1-Dec-21 1-Jun-22 Amortization Interest Payment amount Carrying value 331,180 19,871 18,000 1,871 333,051 19,983 18,000 1,983 335,034 20,102 18,000 2,102 337,136 20,228 18,000 2,228 339,364