pter 10 Homework Saved Help Save & 8 Required information [The following information applies to the questions displayed below.] 2 of 2 On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $220,000, 7 percent bond issue for $205,240. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. s 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.) eBook Changes During the Period Period Ended Interest Expense Ending Bond Liability Balances Discount on Bonds Payable Bonds Payable Carrying Value Cash Paid Discount Amortized Start 0 0 0 0 0 Yr 1 End Yr 2 End Yr 3 End Yr 4 End Yr 5 End Yr 6 End Yr 7 End Yr 8 End Yr 9 End Yr 10 End 0 0 0 0 0 0