Completing a Debt Amortization Table (Straight Line) Cagney Company sold $217,000 of bonds on December 31, 2011. A portion of the amortization table appears below. Period Cash Payment (Credit) Interest Expense (Debit) Carrying Value Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance At issue $12,000 $800 6/30/12 12/31/12 $12,800 12,800 $8,000 7,200 6,400 $209,000 $209,800 210,600 12,000 800 6/30/13 1. Determine the stated interest rate on these bonds. Round your answer to the nearest whole. 2. Calculate the interest expense and the discount amortization for the interest period ending June 30, 2013. Interest expense Discount amortization 3. Calculate the liability balance shown on a balance sheet after the interest payment is recorded on June 30, 2013