10 10 points eBook Print Check my work On January 1, Year 1, Hart Company issued bonds with a face value of $105,000, a stated rate of interest of 12 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 11 percent at the time the bonds were issued. The bonds sold for $108,881. Hart used the effective interest rate method to amortize the bond premium. Required a. Prepare an amortization table. b. What is the carrying value that would appear on the Year 4 balance sheet? c. What is the interest expense that would appear on the Year 4 income statement? d. What is the amount of cash outflow for interest that would appear in the operating activities section of the Year 4 statement of cash flows? Complete this question by entering your answers in the tabs below. References Req A Req B to D Prepare an amortization table. (Round your intermediate calculations and final answers to the nearest whole number.) Carrying Value 108,881 623 108,258 Date Cash Payment Interest Premium Expense Amortization January 1, Year 1 December 31, Year 1 12,600 11,977 December 31, Year 2 December 31, Year 3 December 31, Year 4 December 31, Year 5 Totals + RegA Req B to D > Mc Graw Hill < Prev 10 of 10 Next