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Question 11 of 34 < > 0.46/9 E The following amortization and interest schedule reflects the issuance of 10-year bonds by Swifty Corporation on
Question 11 of 34 < > 0.46/9 E The following amortization and interest schedule reflects the issuance of 10-year bonds by Swifty Corporation on January 1, 2014, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Year Cash Interest Amount Unamortized Carrying Value 1/1/2014 $22,364 $ 89,036 2014 $12,254 $13,355 21,263 90,137 2015 12,254 13,521 19.996 91,404 2016 12,254 13,711 18,539 92,861 2017 12,254 13,929 16,864 94,536 2018 12,254 14,180 14,938 96,462 2019 12,254 14,469 12,723 98,677 2020 12,254 14,802 10,175 101,225 2021 12,254 15,184 7,245 104,155 2022 12,254 15,623 3,876 107,524 2023 12,254 16,130 111,400
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