Exercise 10-20A Effective interest amortization of a bond discount LO 10-6 On January 1 Year 1 Parker Company issued bonds with a face value of $53,000 a stated rate of Interest of 11 percent , and a five-year term to maturity Interest payable in cash on December 31 of each year. The effective rate of interest was 13 percent at the time the bonds were issued The bonds sold for $ 49.272. Parker used the effective interest rate method to amortize the bond discount . ( Round your Intermediate calculations and final answers to the nearest whole dollar amount ) Required a. Prepare an amorization table. Cash Payment Interest Expense Amortization Carrying Value 49,272 49,847 3,830 January 1 Year 1 December 31Year December 31Year 2 December December 31, Yoar 4 December 31. Totals 5,830 575 b. What is the carrying value that would appear on the Year 4 balance sheer? c. What is the interest expense that would appear on the Year Income statement ? d. What is the omount of cash outflow for interest that would appear in the operating activities section of the Year 4 statement of cash flows?

Check my work Exercise 10-20A Effective interest amortization of a bond discount LO 10-6 On January 1, Year 1, Parker Company issued bonds with a face value of $53,000, a stated rate of interest of 11 percent and a five-year term to maturity Interest is payable in cash on December 31 of each year. The effective rate of interest was 13 percent at the time the bonds were issued. The bonds sold for $49.272. Parker used the effective Interest rate method to amortize the bond discount. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Required a. Prepare an amortization table Cach Payment Interest Discount Amor Carrying 19272 48 847 5.830 6405 Oste Sanuaryt. Yeart December 31, Yw1 December 31 Year 2 December 31. You December 31 Year Dont Year 5,830 405 575 b. What is the carrying value that would appear on the Year 4 balance sheet? c. What is the interest expense that would spear on the Year 4 come statement d. What is the amount of cash outflow for interest that would appear in the operating sites section of the Year a statement of cash towa b. What is the carrying value that would appear on the Year 4 balance sheet? c. What is the interest expense that would appear on the Year 4 income statement? d. What is the amount of cash outflow for interest that would appear in the operating activities section of the Year 4 statement of cash flows? Carrying Value Interest expense Cash outflow for