Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Pharoah Corporation on January 1, 2019, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Year Cash Interest Amount Unamortized Carrying Value 1/1/2019 $19,072 $75,928 2019 $10,450 $11,389 18,133 76,867 2020 10,450 11,530 17,053 77,947 2021 10,450 11,692 15,811 79,189 2022 10,450 11,878 14,383 80,617 2023 10,450 12,093 12,740 82,260 2024 10,450 12,339 10,851 84,149 2025 10,450 12,622 8,679 86,321 2026 10,450 12,948 6,181 88,819 2027 10,450 13,323 3,308 91,692 2028 10,450 13,758 95,000 Question 3 of 4 a. Indicate whether the bonds were issued at a premium or a discount. Premium - / 25 b. Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method. Straight-line method c. Determine the stated interest rate and the effective-interest rate. The stated rate The effective rate % % do d. On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2019. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation January 1, 2019 Debit Credit SUPPORT e. On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for 2019. (Interest is paid January 1.) (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date December 31, 2019 Account Titles and Explanation Debit Credit f. On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for 2026. Pharoah Corporation does not use reversing entries. (Record entries in the order displayed in the problem statement. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit = SUPPOR