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UT Required information [The following information applies to the questions displayed below.] Part 1 of 2 On January 1, 2018, Splash City issues $420,000 of

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UT Required information [The following information applies to the questions displayed below.] Part 1 of 2 On January 1, 2018, Splash City issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $451,244. 13 points eBook Required: References 1. Complete the first three rows of an amortization table. Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/18 6/30/18 12/31/18

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