On January 1, 2018, a company issues 3-year bonds with a face value of $160,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $168,714 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization. (Round your answers to the nearest whole dollar.)

Period Ended	Cash Paid	Interest Expense	Amortized Premium	Bonds Payable	Premium on Bonds Payable	Carrying Value
01/01/2018						$0
12/31/2018			$0			0
12/31/2019			0			0
12/31/2019			0			0

Answer rating: 100% (QA)

Changes During the Period Period Ended Cash Paid January 1st 2018 12312018 12312019 ... View the full answer