Cash Payment Interest Expense Discount on Bonds Period 12/31/2023 (Credit) (Debit) Exercise 9-76 (Algorithmic) Completing a Bond Amortization Table (Effective Interest Rate) Cagney Company sold $210,000 of bonds on June 30, 2022. A portion of the amortization table appears below. Bond Payable Carrying Value (Credit) Discount on Bonds Payable Balance Payable (Credit) (Debit) $9,450 $9,727 $277 $2,340 $207,660 06/30/2024 9,450 9,760 310 2,030 207,970 12/31/2024 ? ? ? ? ? Required: 1. Indicate the stated interest rate on these bonds. % 2. Calculate the effective annual interest rate on these bonds. (rounded to the nearest 0.1%.) % 3. Determine the interest expense and discount amortization for the interest period ending December 31, 2024. If required, round your answers to the nearest dollar. Cash Payment Interest Expense Discount on Bonds Discount on Bonds Period (Credit) (Debit) Payable (Credit) Carrying Value Payable Balance 12/31/2023 06/30/2024 $9,450 9,450 $9,727 9,760 $277 310 $2,340 2,030 $207,660 207,970 12/31/2024 4. Determine the liability balance after the interest payment is recorded on December 31, 2024. If required, round your answer to the nearest dollar.