! Required information [The following information applies to the questions displayed below.) On January 1, when the market interest rate was 9 percent, Seton Corporation completed a $290,000, 8 percent bond issue for $271,387. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation accounts for the bond using the simplified effective-interest method. 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) X Answer is complete but not entirely correct. Beginning of Period Changes During the Period End of Period Period Ended Bonds Payable, Net Interest Expense Cash Paid Bonds Payable, Net Start Yr 1 End Yr 2 End 271,387 271,387 X 271,387 X 271,387 X 271,387 X 271,387 X 271,387 X 271,387 271,387 X 271,387 X Yr 3 End Yr 4 End 24,425 24,535 24,655 24,786 24,929 25,085 25,254 25,254 X 23,200 23,200 23,200 23,200 23,200 23,200 Interest Added to Bonds Payable 1,225 1,335 1,455 1,586 1,729 1,885 2,054 2,054 2,441 2,664 272,612 272,722 272,842 272,973 273,116 273,272 273,441 273,441 273,828 274,051 Yr 5 End Yr 6 End Yr 7 End Yr 8 End O 23,200 23,200 23,200 23,200 25,641 Yr 9 End 25,864