The following amortization and interest schedule reflects the issuance of 10-year bonds by Marin 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 Interest Amount Unamortized Carrying Value 1/1/2014 $23,630 $ 185,470 2014 $20,910 $22,256 22,284 186,816 2015 20,910 22,418 20,776 188,324 2016 20,910 22.599 19,087 190,013 2017 20,910 22,802 17,195 191,905 2018 20,910 23,029 15,076 194,024 2019 20,910 23,283 12,703 196,397 2020 20,910 23,568 10,045 199,055 2021 20,910 23,887 7,068 202,032 2022 20,910 24,244 3,734 205,366 2023 20,910 24,644 209,100