Completing a Debt Amortization Table (Straight Line)

Cagney Company sold $242,000 of bonds on January 1, 2024. A portion of the amortization table follows.

Period	Cash Payment (Credit)	Interest Expense (Debit)	Discount on Bonds Payable (Credit)	Discount on Bonds Payable Balance	Carrying Value
At issue				$8,000	$234,000
06/30/24	$12,000	$12,800	$800	7,200	234,800
12/31/24	12,000	12,800	800	6,400	235,600
06/30/25	?	?	?	?	?

Required:

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

2. Calculate the interest expense and the discount amortization for the interest period ending on June 30, 2025.

Interest expense	$fill in the blank 2
Discount amortization	$fill in the blank 3

3. Calculate the liability balance shown on a balance sheet after the interest payment is recorded on June 30, 2025. $fill in the blank 4