Question 9:

On January 1, 2018, Splash City issues $450,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $419,423.

Required: 1. Complete the first three rows of an amortization table.

Date	Cash paid	interest expense	increase in carrying value	carrying value
1/1/18
6/30/18
12/31/18