Required information [The following information applies to the questions displayed below] On January 1, Year 1, a company issues $440,000 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 $410,474. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value - 01/01/Year 1 12/31/Year 1 12/31/Year 2 Check my work