On January $1,$ Year $1,$ Parker Company issued bonds with a face value of $$65,000,$ a stated rate of interest of $14$ percent, and a five$-$year term to maturity. Interest is payable in cash on December $31$ of each year. The effective rate of interest was $16$ percent at the time the bonds were issued. The bonds sold for $$60,743.$ Parker used the effective interest rate method to amortize the bond discount.

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

Required

a$.$ Prepare an amortization table.

$\backslash$table$[[$Date$,\backslash$table$[[$Cash$],[$Payment$]],\backslash$table$[[$Interest$],[$Expense$]],\backslash$table$[[$Discount$],[$Amortization$]],\backslash$table$[[$Carrying$],[$Value$]]],[$January $1,$ Year $1,,,,,,,$$$,60,743],[$December $31,$ Year $1,$$$,9,100,$$$,9,719,$$$,619,,61,362],[$December $31,$ Year $2,,,,,,,,],[$December $31,$ Year $3,,,,,,,,],[$December $31,$ Year $4,,,,,,,,],[$December $31,$ Year $5,,,,,,,,],[$Totals$,,,,,,,,]]$

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?

b$.$ Carrying value

c$.$ Interest expense