Question 2 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $480,000 and a coupon interest rate of 6%, with interest payable semi-annually. (a) Your answer is correct. Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 5%. (Round answers to 0 decimal places, e.g. 5,255.) CARVEL CORP. Bond Premium Amortization On January 1, 2018 Interest Expense Premium Amortization Semi-annual Interest Periods Interest Payment Unamortized Premium Bond Carrying Amount 21005 Jan. 1/18 $ 501005 14400 12525 T 1875 19130 July 1/18 499130 14400 12478 Jan. 1/19 I 17208 1922 1 497208 (b) Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 6%. (Round answers to 0 decimal places, e.g. 5,275.) CARVEL CORP. Bond Amortization On January 1, 2018 Interest Payment Interest Expense Semi-annual Interest Periods Bond Carrying Amount Jan. 1/18 $ July 1/18 $ Jan. 1/19 Attempts: 0 of 2 used