Assessment Make your own amortization schedule using the given data. Compute and complete the amortization table Compute and complete the amortization table. A. On January 1, 2015, Mac Inc. issued 3,000,000 bonds with a coupon rate of 8% maturing in 4 years. The interest is paid annually, and the market interest rate at the date of issue was 11%. What is the issue price of the bond? Prepare the 4 year amortization schedule for the bond. Issue Price: Principal: Iterest: Period Interest to be paid=3M x 8% Interest Expense=carrying amount x 11% Amortization of Discount =Int exp. - Int paid Carrying Balance 2,720,779. 89 1 2 3 4 240,000.00 240,000.00 240,000.00 240,000.00