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! Required information The following information applies to the questions displayed below) On January 1, 2021, Universe of Fun Issues $880,000, 7% bonds that mature

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! Required information The following information applies to the questions displayed below) On January 1, 2021, Universe of Fun Issues $880,000, 7% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $803,915. Interest is paid semiannually on June 30 and December 31 Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Change in Expense Carrying Value Carrying Value 1/1/2021 6/30/2021 12/31/2021

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