Presented below is a bond amortization table related to the Brougham Company and a series of questions. Answer each question in the space provided Year Interest Expense Amortization Carlos Value of boods. 0 344.159 1 24.000 20,650 (3.350) 340.809 2 24.000 20.449 13,551) 337,257 3 24.000 20.235 (3,765) 333,493 4 24,000 20,010 (3.990) 329,502 5 24,000 19.770 (4.230) 325,272 6 24,000 19,516 (4,484) 320.789 7 24,000 19.247 (4.753) 316,036 8 24,000 18.962 (5.038) 310,998 9 24,000 18,660 (5.340) 305,658 10 24,000 18,342 (5,658) 300.000 1. Prepare the journal entry to record the initial sale of the bonds What was the effective yield on the bonds at the time of their issuance? 3. What is the balance in the "bond valuation account" (discount on bonds payable/premium on bonds payable) at the end of year 5? Question 14 4 pts 4. If the company used the straight-line method of amortization, what amount would be amortized in year 42 5. If the straight-line method of amortization was used, would interest expense in year 9 be greater than less than or equal to the amount of interest expense reported under the effective interest method of amortization