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Presented Below Is a Partial Amortization Schedule for Discount Foods

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Presented below is a partial amortization schedule for Discount Foods: (1)(2)(3)(4)(5) Period  Cash  Interest  Paid  Increase in  Carpense  Carrying  Value  Issue date $74,5641$2,800$2,983$18374,74722,8002,99019074,937\begin{array} { c c c c c } ( 1 ) & ( 2 ) & ( 3 ) & ( 4 ) & ( \mathbf { 5 } ) \\\text { Period } & \text { Cash } & \begin{array} { c } \text { Interest } \\\text { Paid }\end{array} & \begin{array} { c } \text { Increase in } \\\text { Carpense }\end{array} & \begin{array} { c } \text { Carrying } \\\text { Value }\end{array} \\\text { Issue date } & & & & \$ 74,564 \\1 & \$ 2,800 & \$ 2,983 & \$ 183 & 74,747 \\2 & 2,800 & 2,990 & 190 & 74,937\end{array} 1. Record the bond issue.
2. Record the first interest payment.

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