The following amortization and interest schedule reflects the issuance of 10-year bonds by Headland Corporation on January 1, 2014, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Year Cash Amount Interest Unamortized Carrying Value 1/1/2014 $6,120 $102,180 2014 $11.913 $12,262 5,771 102,529 2015 11,913 12,303 5,381 102,919 2016 11,913 12,350 4,944 103,356 2017 11,913 12,403 4,454 103,846 2018 11,913 12.462 3,905 104,395 2019 11,913 12,527 3,291 105,009 2020 11,913 12,601 2,603 105,697 2021 11,913 12,684 1,832 106,468 2022 11,913 12,776 969 107,331 2023 11,913 12,882 108,300