COMPLETING A NOTE LIABILITY TABLE. Cagney Company sold $200,000 of notes on January 1, 19x5. A portion of the note liability table appears below:

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INTEREST CHANGE IN PERIOD ENDING INTEREST EXPENSE CASH LIABILITY LIABILITY PAYMENT BALANCE BALANCE 6/30/x5 $11,600 $11,000 +600 $194,600 12/31/x5 11,600 11,000 +600 195,200 6/30/x5 ? ? ? ? REQUIRED: 1. What is the stated interest rate on these notes? 2. What are the interest expense and the discount amortization (change in liability balance) for the interest period ending June 30, 19x5? 3. What is the liability balance after the interest payment is recorded on June 30, 19x5?