COMPLETING A NOTE LIABILITY TABLE. Sondrini Corporation sold a

$200,000 note issue at a premium. A portion of the note liability table appears below:

Transcribed Image Text:

INTEREST PERIOD INTEREST ENDING EXPENSE CASH PAYMENT CHANGE IN LIABILITY BALANCE LIABILITY BALANCE 12/31/x1 $7,400 $7,500 -100 $201,400 6/30/x2 7,400 7,500 -100 201,300 12/31/x2 ? ? ? REQUIRED: 1. What is the stated annual interest rate on these notes? 2. What is the carrying amount at December 31, 19x2? 3. When will the notes mature?