On January $1,$ Year $1,$ Parker Company issued bonds with a face value of $$52,000,$ a stated rate of interest of $10$ percent, and a five$-$year term to maturity. Interest is payable in cash on December $31$ of each year. The effective rate of interest was $12$ percent at the time the bonds were issued. The bonds sold for $$48,251.$ Parker used the effective interest rate method to amortize the bond discount

Required:

Prepare an amortization table.

At what amount would the bond liability appear on the Year $4$ balance sheet?

What item and amount in the table would appear on the Year $4$ income statement?

What item and amount in the table would appear on the Year $4$ statement of cash flows $($Direct Method$)$ and under which section of the statement of cash flows would this item appear?