Cagney Company sold $200,000 of bonds on January 1, 2020. A portion of the amortization table follows.

Required:
1. Determine the stated interest rate on these bonds.
2. Calculate the interest expense and the discount amortization for the interest period ending
June 30, 2021.
3. Calculate the liability balance shown on a balance sheet after the interest payment is recorded on June 30, 2021.