Snap Inc. issued $20,000,000 of 7%, 10-year bonds at a price of 87 on December 31, 2020. The market interest rate at the date of issuance was 9% and the bonds pay interest semi-annually on June 30 and December 31.

Required:

Complete the following effective-interest amortization table for the bonds through the first three interest payments. Important: all amounts entered should be rounded to the nearest dollar.

Date	Interest Payment	Interest Expense	Discount Amortization	Discount Account Balance	Bond Carrying Amount
Dec 31, 2020				Answer	Answer
June 30, 2021	Answer	Answer	Answer	Answer	Answer
Dec 31, 2021	Answer	Answer	Answer	Answer	Answer
June 30, 2022	Answer	Answer	Answer	Answer	Answer