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On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $110,000, 9 percent bond issue for $103,237. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount.

3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.)

	Changes During the Period			Ending Bond Liability Balances
Period Ended	Interest Expense	Cash Paid	Discount Amortized	Bonds Payable	Discount on Bonds Payable	Carrying Value
Start						0
Yr 1 End						0
Yr 2 End						0
Yr 3 End						0
Yr 4 End						0
Yr 5 End						0
Yr 6 End						0
Yr 7 End						0
Yr 8 End						0
Yr 9 End						0
Yr 10 End						0