Required information [The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $550,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $611,590. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Dato Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $ 611,590 01/01/Year 1 06/30/Year 1 12/31/Year 1