On June 30, 2020, the market interest rate is 3% Burnaby Enterprises issues $540,000 of 4%, 15-year bonds at 119.475. The bonds pay interest on June 30 and December 31 effective interest method Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods 2. Record issuance of the bonds on June 30, 2020, the payment of interest at December 31, 2020, and the semi-annual interest payment on June 30, 2021 Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods (Round your answers to the nearest whole dollar.) Burnaby Enterprises Amortization Table B D E Interest Payment Interest Expense (1.8% of Premium Semi-Annual 12% of Maturity Preceding Bond Carrying Amortization Premium Account Bond Carrying Amount Interest Date Value) Amount) (A-B) Balance (D-C) ($640,000 + D) June 30, 2020 Dec 31, 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Ch/ rate is 3% Bumaby Enterprises issues $540,000 of 4% 15-year bonds at 119.475. The bonds puy interest on June 30 and December 31 Burnaby amortizes bonds by the de for the first four sem-annual interest periods June 30, 2020, the payment of interest at December 31, 2020, and the semi-annual interest payment on June 30 2021 tization table for the first four semi-annual interest periods (Round your answers to the nearest whole dollar.) Burnaby Enterprises Amortization Table B D E 1 Interest Expense (1.5% of Premium Preceding Bond Carrying Amortization Premium Account Bond Carrying Amount Amount) (A-B) Balance (D-C) ($540,000 + D)