6. Blue Spruce Corp. began the year by issuing $78,500 of common stock for cash. The company recorded revenues of $749,000, expenses of $672,000, and paid dividends of $45,000. What was Blue net income for the year? (a) $110,050 (b) $155,500 (c) $77,000 (d) $32,000 749,000 - 672,000 27 Problem 14-10AB Effective Interest: Amortization of bond LO P6 The following information applies to the questions displayed below Ike issues $180,000 of 11%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $184,566 when the market rate is 10% References Section Break Problem 14-10AB Effective Interest: Amortization of bond LO PE 6. Award: 5.00 points Problem 14-10AB Part 3 3. Prepare an effective interest amortization table for the bonds' first two years. Cash Interest Bond Interest Pald Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 $ 4,566 3,425 2.284 1.143 184,566 183,425 182,284 181.143 12/31/2019 06/30/2020 12/31/2020