Saved Hel E10-10 (Static) Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining Reported Amounts LO10-4 On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays Interest every December 31. The issue price of the bond was $ 97,327 (When the bond was issued. the annual market rate of interest was 6 percent). Ikuta uses the effective-Interest amortization method Required: 1. Complete a bond amortization schedule for all three years of the bond's life Date Cash Interest Interest Expense Amortization Book Value of Bond Jan 01, Year 1 Dec 31, Your 1 D00, 31, Year 2 Dec 31 Year 3 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2? Year Year 2 December 31 Interest expense Bonds payable to search o RE 1 40 DOLL