Exercise 14-12 Larkspur Inc. is having difficulty meeting its working capital requirements. As a result, on January 1, 2017 th company sold bonds with a face value of $2.2 million, receiving $1,560,000 in cash. The bonds have an interest rate of 9% and mature on January 1, 2019, Interest is payable semi-annually on January 1 and July 1. Set up a schedule of interest expense and discount amortization under the straight-line method. Schedule of Discount Amortization Straight-Line Method Interest Payable Debit Interest Expense Credit Bond Payableof Bonds Carrying Amount Year n 1,2017 ly 1, 2017 Dec. 31, 2017 July 1, 201 Dec. 31, 20L8 LK TO TEXT