Answer and Explanation:
The preparation of the amortization table is presented below:
Semiannual Discount Unamortized Discount Carrying Value
Period-End amortized
1/1/19 $4,130 $ 112,870
($117,000 - $112,870)
6/30/19 $3,613.75 $113,386.25
($4,130 - $4,130 ÷ 8 years) ($112,870 + $516,25)
12/31/19 $3,097.50 $113,902.50
($3,613 - $4,130 ÷ 8 years) ($112,.870 + $516,25)
6/30/20 $2,581.25 $114,418.75
($3,097.50 - $4,130 ÷ 8 years) ($113,902 + $516.25)
12/31/20 $2,065.00 $114,935.00
($2,581.25 - $4,130 ÷ 8 years)
6/30/21 $1,548.75 $115,451.25
($2,065 - $4,130 ÷ 8 years)
12/31/21 $1,032.50 $115,967.50
($1,548.75 - $4,130 ÷ 8 years)
6/30/22 $516.25 $116,483.75
($1,032.50 - $4,130 ÷ 8 years)
12/31/22 $- $ 117,000.00
($516.25 - $4,130 ÷ 8 years)
The same method is applicable for other time period
