Required information [The following information applies 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. 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.) Date 01/01/2024 Cash Pald Interest Expense Change In Carrying Carrying Value Value 12/31/2024 12/31/2025