Question 1. On March 1, 2018, Troenkrasnow Company issued bonds at a discount. Troenkrasnow incorrectly used the straight-line method instead of the effective interest rate method to amortize the discount. 1-1. Is the bond carrying value at 12/31/18 overstated or understated? Support your answer 1-2. Is retained earnings at 12/31/18 overstated or understated? Support your answer. 1-3. When is it acceptable to use straight-line instead of the effective interest rate amortization method? WHY