On January 1, Year 1, Reese Incorporated issued bonds with a face value of $310,000, a stated rate of interest of 8 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 7 percent at the time the bonds were issued. The bonds sold for $322,710. Reese used the effective interest rate method to amortize bond premium. Required Prepare an amortization table. What item in the table would appear on the Year 3 balance sheet? What item in the table would appear on the Year 3 income statement? What item and amount in the table would appear on the Year 3 statement of cash flows (Direct Method) and under which section of the statement of cash flows would this item appear?