3 On January 1, Year 1, Hart Company issued bonds with a face value of $104.000, a stated rate of interest of 11 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 10 percent at the time the bonds were issued. The bonds sold for $107.942. Hart used the effective interest rate method to amortize the bond premium (Round your intermediate calculations and final answers to the nearest whole number.) Required a. Prepare an amortization table, 15 points Cash Payment Interest Expense Premium Amortization eBook 646 717 Date January 1, Year 1 December 31 Year 1 December 31, Year 2 December 31 Year 3 December 31, Year 4 December 31. Year 5 Totals 11.440 11.440 11 440 11,440 11.440 57,200 References Carrying Value 107,942 107297 106,586 105,804 104,944 103,999 10.794 10,730 10.659 10.580 10.495 53 258 781 860 945 3,949 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? $ 104.945 Carrying value on the Year 4 Interest expense for Year 4 d Cash outflow for interest in Year 4 $ 11,440