Required information The following information applies to the questions displayed below! On January 1, 2021. White Water issues $500.000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 7% the bonds will issue at $447030 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole collar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 12/31/2021 12/31/2022 2 Pecord the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 Record the bond issue. Date General Journal Debit Credit Jan 01 2021 Journal entry worksheet