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On January 1, Year 1, Parker Company issued bonds with a face value of $55,000, a stated rate of interest of 13 percent, and a

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On January 1, Year 1, Parker Company issued bonds with a face value of $55,000, a stated rate of interest of 13 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 15 percent at the time the bonds were issued. The bonds sold for $51,313. Parker used the effective interest rate method to amortize the bond discount. Note: Round your intermedlate calculations and final answers to the nearest whole dollar amount Required a. Prepare an amortization table. b. What is the carrying value thot wouid appear on the Yeat 4 balance sheet? c. What is the interest expense that would appeat on the Year 4 income statenent? d. Whot is the amount of cash outlow for interest that would ascear in the operating activities section of the Year 4 statement of cash 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

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