Completing a Debt Amortization Table (Straight Line)

Cagney Company sold $172,000 of bonds on December 31, 2013. A portion of the amortization table appears below.

Period	Cash Payment (Credit)	Interest Expense (Debit)	Discount on Bonds Payable (Credit)	Discount on Bonds Payable Balance	Carrying Value
At issue				$8,000	$164,000
6/30/14	$12,000	$12,800	$800	7,200	$164,800
12/31/14	12,000	12,800	800	6,400	165,600
6/30/15	?	?	?	?	?

Required:

1. Determine the stated interest rate on these bonds. Round your answer to the nearest whole number. %

2. Calculate the interest expense and the discount amortization for the interest period ending June 30, 2015.

Interest expense	$
Discount amortization	$

3. Calculate the liability balance shown on a balance sheet after the interest payment is recorded on June 30, 2015.