On September 30, 2020, when the market interest rate is 4 percent, Champs Ltd issues $9,000,000 of 6 percent, 20-year bonds for $11,461,993 The bonds pay interest on March 31 and September 30 Champs Ltd amortizes bond premium by the effective-interest method Required 1. Prepare an amortization table for the first four semi-annual interest periods Champs amortizes a bond premium by the effective interest method 2. Record the issuance of the bonds on September 30, 2020, the accrual of interest at December 31, 2020, and the semi-annual interest payment on March 31, 2021 Incorrect Requirement 1. Prepare an amortization table for the first four semi-annual interest periods (Round your answers to the nearest whole dollar.) Champs Ltd. Amortization Table A Interest B C D E Interest Expense Unamortized Payment Semi-annual (3.0% of Interest Period Maturity Values) (2.0% of Preceding Bond Carrying Amount) Premium Amortization (A-B) Premium Account Bond Carrying Balance (D-C) Amount ($9 000 000 + D) Issue date