mework 6 Seved Help Save & Ext Sub Check my work On January 1 of this year, Houston Company issued a bond with a face value of $20,000 and a coupon rate of 7 percent The bond matures in 3 years and pays Interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Houston uses the effective-interest amortization method. (FV of $1. PV of $1. FVA of S1, and PVA of 51) (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life. (Enter all values as positive values.) Date Cash Interest Interest Expense Amortization Book Value of Bond Jan. 01. Year 1 Dec. 31. Year 1 Dec. 31. Year 2 Dec 31 Year 3 2. What amounts wmbe reported on the income statement and balance sheet at the end of Year 1 and Year 2? Year 1 Your 2 December 1 Interest per