: Corp issued bonds on January 1, 2011 and uses the following amortization schedule from issuance until maturity ("Effective Interest - Interest Expense") Date Cash Payment 1/1/2011 6/30/2011 6,000 12/31/2011 6,000 6/30/2012 6,000 12/31/2012 6,000 6/30/2013 6,000 6,000 12/31/2013 6/30/2014 6,000 12/31/2014 6,000 Effective Interest Increase in Balance 6,759 6,786 6,813 6,842 6,871 6,902 6,934 6,966 759 786 813 842 871 902 934 966 Outstanding Balance 193,126 193,885 194,671 195,485 196,327 197,198 198,100 199,034 200,000 18. Expressed as an annual rate, what was the stated (coupon) rate of interest at the time the bonds were issued? 19. By what amount will these bonds affect Corp's net income for 2011? (ignore taxes) 20.Corp loaned $1,200 to another corporation on December 1, 2017 and received a 3-month, 8% interest-bearing note with a face value of $1,200. After the books are closed for 2017, how much (in dollars) will this loan and any related interest have affected Corp's equity for 2017 (ignore taxes)? 21.Corp receives interest on a $450, 8%, 5-year note receivable each April 1. On December 31, 2017, the appropriate adjusting entry was made to accrue (recognize) interest receivable: What journal entry should be made on April 1, 2018 when the annual interest payment is received? 22. During 2020, Corp split its stock 3-for-2. After the split, each share was worth $100. What must each share have been worth before the split? 23. For the year, Corp had net income of $750, interest expense of $150, and a "Times Interest Earned Ratio" of 10. What was Corp's income before taxes for the year?