Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Sarasota Corporation on January 1, 20 and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepar once yearly. Amortization Schedule Year Cash Amount Interest Unamortized Carrying Value 1/1/2014 $55,433 $165,467 2014 $22,090 $24,820 52,703 168,197 2015 22,090 25,230 49.563 171,337 2016 22,090 25,701 45,952 174,948 2017 22.090 26.242 41,800 179,100 2018 22.090 26,865 37,025 183,875