Cornerstone Exercise 9-29 (Algorithmic) Bonds issued at a Discount (Effective Interest) Sicily Corporation issued $1,050,000 in 5% bonds (payable on December 31, 2032) on December 31, 2022, for $955,500 Interest is paid on June 30 and December 31. The market rate of interest is 7. Required: Prepare the amortization table through December 31, 2024, using the effective interest rate method. If required, round your answers to the nearest dollar Sicily Corporation Amortization Table Bond Payable Carrying Value (Credit) Period Cash Payment (Credit) NA Interest Expense Discount on Bonds (Debit) Payable (Credit) NA NA Discount on Bonds Payable Balance (Debit) At issue 06/30/23 12/31/23 06/30/24 12/31/24