Splish Co. is building a new hockey arena at a cost of $2,310,000. It received a downpayment of $490,000 from local businesses to support the project, and now needs to borrow $1,820,000 to complete the project. It therefore decides to issue $1,820,000 of 12%, 10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield 11%.

Date Account Titles and Explanation Debit Credit January 1, 2016 Cash Interest Payable Bonds Payable SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare a bond amortization schedule up to and including January 1, 2020, using the effective interest method (Round answers to o decimal places, e.g. 38,548.) Carrying Cash Premium Interest Amount of Bonds Paid Date Expense Amortization 16 1/1/20