Crafty Corporation received $471,068 of cash upon issuance of 500, $1,000 par value bonds. Each bond...

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Crafty Corporation received $471,068 of cash upon issuance of 500, $1,000 par value bonds. Each bond has a stated rate of 4% and will mature on December 31, 2030, 7 years after the issuance of the bonds. Interest is paid annually on December 31. The market rate of interest is 5%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. X Open spreadsheet Required: Prepare the amortization table using the effective interest rate method. Note: Round interest expense to a dollar and round final year interest expense amount to complete the amortization. Crafty Corporation Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) At issue 12/31/24 12/31/25 12/31/26 12/31/27 12/31/28 12/31/29 12/31/30 Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value Crafty Corporation received $471,068 of cash upon issuance of 500, $1,000 par value bonds. Each bond has a stated rate of 4% and will mature on December 31, 2030, 7 years after the issuance of the bonds. Interest is paid annually on December 31. The market rate of interest is 5%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. X Open spreadsheet Required: Prepare the amortization table using the effective interest rate method. Note: Round interest expense to a dollar and round final year interest expense amount to complete the amortization. Crafty Corporation Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) At issue 12/31/24 12/31/25 12/31/26 12/31/27 12/31/28 12/31/29 12/31/30 Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value