Exercise 14-6 Your answer is partially correct. Try again Blossom Company sells 8% bonds having a maturity value of $1,350,000 for $1,155,347. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1 Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Amortized Amount of Bonds Discount Carrying Year Jan. 1, 2017 Jan. 1, 2018 10800 Jan. 1, 2019 0800 Jan. 1, 2020 T10800 Jan. 1, 2021 T10800 Jan. 1, 2022 0800 115534 8931 8931 8931 0 8931 8931