Skysong Inc., a private company following ASPE, is having difficulty meeting its working capital requirements. As a result, on January 1, 2020, the company sold bonds with a face value of $1.9 million, receiving $1,100,000 in cash. The bonds have an interest rate of 7% and mature on January 1, 2022. Interest is payable semi-annually on January 1 and July 1. Set up a schedule of interest expense and discount amortization under the straight-line method.

Schedule of Discount Amortization StraightLine Method
Year		Credit Interest Payable		Debit Interest Expense		Credit Bond Payable		Carrying Amount of Bonds
Jan. 1, 2020								$
July 1, 2020		$		$		$
Dec. 31, 2020
July 1, 2021
Dec. 31, 2021