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Exercise 10-22A (Algo) Effective interest amortization for a bond premium LO 107 On Jancary 1. Year 1, Hart Company iessued bonds with a face value

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Exercise 10-22A (Algo) Effective interest amortization for a bond premium LO 107 On Jancary 1. Year 1, Hart Company iessued bonds with a face value of 5133,000 , a stated rate of interest of 17 percent, and a five:yeas terin to maturify. interest is payabie in cash on December 31 of each year. The effective rate of interest was 16 percent at the time the bonds were issued. The bonds sold for $137355. Hart used the effective interest rate method to amortize the bond preminn Note: Pound your intermediste calculations and final answers to the nearest whole number. Required: a. Prepare an amortization table. b. What is the carrying value that would appear on the Year 4 balance sheet? c. What is the anterest expense that would appear on the Year 4 income statement? d. What is the amount of cash outllow for interest that would appear in the operating activities section of the Year 4 statement of cash flows

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