On January 1, 2018, Reese Incorporated issued bonds with a face value of $270,000, a stated rate of interest of 8 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 7 percent at the time the bonds were issued. The bonds sold for $281,070. Reese used the effective interest rate method to amortize bond premium. Required a. Prepare an amortization table b. What item(s) in the table would appear on the 2020 balance sheet? c. What item(s) in the table would appear on the 2020 income statement? d. What item(s) and amount in the table would appear on the 2020 statement of cash flows (Direct Method) and under what section the bond liability appear? (For all requirements, Round intermediate calculations and final answers to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below Regs to D Complete this question by entering your answers in the tabs below. Req A Req B to D Prepare an amortization table. Amortization Schedule Cash Interest Premium Payment Expense Amortization Carrying Value 281,070 279.145 21,600 19,675 1,925 January 1, 2018 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Totals 108.000 96.930 11,070 Complete this question by entering your answers in the tabs below. Req A Req B to D b. What item(s) in the table would appear on the 2020 balance sheet? c. What item(s) in the table would appear on the 2020 income statement? d. What item(s) and amount in the table would appear on the 2020 statement section the bond liability appear? b. Carrying value Bond Liabilities Bond discount Req A Interest expense Premium bond