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Required information Exercise 9-17 (Static) Record bonds issued at a discount and related annual interest (LO9-5) [The following information applles to the questions displayed below.]

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Required information Exercise 9-17 (Static) Record bonds issued at a discount and related annual interest (LO9-5) [The following information applles to the questions displayed below.] On January 1, 2024. White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $559,740. Exercise 9-17 (Static) Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Hint Use Illustration 9-6, except the dates for the first three rows will be 1/1/2024,12/31/2024, and 12/31/2025 since interest is payable annually rather than semiannually. Interest expense for the period ended December 31,2024 , is calculated as the carrying value of $559.740 times the market rate of 8% ) (Round your final answers to the nearest whole dollar.) Required: 1. Complete the first three rows of an amortization schedule. (Hint. Use lliustration 9-6, except the dates for the first three rows will be 1/1/2024,12/31/2024, and 12/31/2025 since interest is payable annually rather than semiannually. Interest expense for the period ended December 31,2024 , is calculated as the carrying value of $559,740 times the market rate of 8% ) (Round your final answers to the nearest whole dollar.)

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