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Required information [The following information applies to the questions displayed below.] On January 1, 2021. White Water issues $520,000 of 5% bonds, due in 15

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Required information [The following information applies to the questions displayed below.] On January 1, 2021. White Water issues $520,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6% the bonds will issue at $469.499. 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 $ 469,499 01/01/2021 12/31/2021 12/31/2022

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