Exercise 9-73 (Algorithmic) Completing a Debt Amortization Table (Straight Line) Cagney Company sold $233,000 of bonds on January 1, 2020. A portion of the amortization table appears below. Discount on Bonds Cash Payment (Credit) Interest Expense (Debit) Discount on Bonds Payable (Credit) Period At issue Balance $8,000 7,200 6,400 Carrying Value $225,000 225,800 226,600 06/30/20 12/31/20 06/30/21 $12,000 12,000 $12,800 12,800 $800 800 Required: 1. Determine the stated interest rate on these bonds. Round your answer to the nearest whole number. Il X % 2. Calculate the interest expense and the discount amortization for the interest period ending June 30, 2021. Interest expense $ Discount amortizations 3. Calculate the liability balance shown on a balance sheet after the interest payment is recorded on June 30, 2021