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On January 1, Year 1. Parker Company issued bonds with a face value of $76,000, a stated rate of Interest of 7 percent, and a

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On January 1, Year 1. Parker Company issued bonds with a face value of $76,000, a stated rate of Interest of 7 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 9 percent at the time the bonds were Issued. The bonds sold for $70,088. Parker used the effective Interest rate method to amortize the bond discount. Required . Prepare an amortization table. b. What ltem(s) In the table would appear on the Year 4 balance sheet? c. What item(s) In the table would appear on the Year 4 income statement? c. What Item(s) In the table would appear on the Year 4 statement of cash flows

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