Prepare the entry at 12/31/15 to record interest expense, cash paid, and discount amortization. INCOME BALANCE SHEET DATE ACCOUNT NAME DEBIT CREDIT STMT A = L + E R - E 12/31/15 Interest Expense 34631.93 0 Cash 30,000 Discount Amortization 4631.93 Statement of Cash Flows 2015 2016 Issuance of bond (F) 432,899.18 437,531.11 Paid interest (O) 30,000 30,000 Income Statement Interest expense 34,631.93 35,002.49 Balance Sheet