On January 1, 2021, a company issues 3-year bonds with a face value of $50,000 and...

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On January 1, 2021, a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $52,723 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization. (Round your answers to the nearest whole dollar.) Period Ended Cash Paid Interest Amortized Expense Premium Bonds Payable Premium on Bonds Payable Carrying Value 01/01/2021 $ 0 12/31/2021 $ 0 0 12/31/2022 12/31/2023 0 0 0 On January 1, 2021, a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $52,723 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization. (Round your answers to the nearest whole dollar.) Period Ended Cash Paid Interest Amortized Expense Premium Bonds Payable Premium on Bonds Payable Carrying Value 01/01/2021 $ 0 12/31/2021 $ 0 0 12/31/2022 12/31/2023 0 0 0