Canvas > X Presented below is a bond amortization table related to the Brougham Company's $300.000 bond payable and a series of questions Year Cash Interest Carrying Excoense Amortization Value of bds 344, 159 D 1 24.000 20.650 13.350) 340.809 2 24.000 20.449 13.551) 324,000 (3.765) 20.235 20.010 337.257 333 493 329.502 325,272 4 24,000 13.990) $ 24,000 19.770 (4.230) (4.4841 24.000 19,516 320.789 7 24,000 19,247 14.753) 316.036 $ 24,000 18,962 (5,038) 310.998 24,000 18.660 (5,340) 305,658 10 24.000 18.342 (5,658) 300.000 Answer each question in the space provided. Clearly mark your answers A Prepare the journal entry to record the initial sale of the bonds. What was the effective yield on the bords at the time of their issuance the company used the straight-line method of amortization, what amount would be amortized in year 47 DIf the straight-line method of amortization was used, would interest expense in year 9 be greater than less than or equal to the amount of interest expense reported under the effective interest method of amortization? 2 5 6 7 W E