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On January 1 Year 1, Hart Company issued bonds with a face value of $113,000, a stated rate of interest of 15 percent, and a

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On January 1 Year 1, Hart Company issued bonds with a face value of $113,000, a stated rate of interest of 15 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 14 percent at the time the bonds were issued. The bonds sold for $116,879. Hart used the effective interest rate method to amortize the bond premium (Round your intermediate calculations and final answers to the nearest whole number.) Required a. Prepare an amortization table: Cash Payment Interest Expenso Premium Amortization Carrying Value 116,679 116,292 16,950 16,363 587 Date January 1 Year 1 December 31 Year 1 Decem31. Year 2 December 31 Year 3 December 31, Year 4 December 31, Year 5 Totals 16.950 16,363 527 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? Catlying value on the Year 4 cost expense for Year 4 d. Cash outflow for interest in Year 4

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