The following amortization and interest schedule is for the issuance of 10-year bonds by Flying V Guitar Corporation on January 1, 2023, and the subsequent interest payments and charges. The company's year end is December 31, and it prepares its financial statements yearly. The accountant had completed the amortization schedule in Microsoft Excel, however the rest of the year-end information for these bonds was lost and not saved. Please follow the instructions and complete the rest of the information. Amortization Schedule Year Jan. 1, 2023 Cash Interest Amount Unamortized Carrying Amount $5,651 $94.349 Dec. 31, 2023 $11,000 $11,322 5.329 94,671 2024 11,000 11,361 4.968 95,032 2025 11,000 11,404. 4.564 95.436 2026 11,000 11.452 4,112 95.888 2027 11,000 11,507 3.605 96,395 2028 11,000 11,567 3,038 96,9621 2029 11,000 11,635 2.403 97.597 2030 11,000 11,712 1,691 98,309 2031 11,000 11,797 894 99,106 2032 11.000 11.804 -0- $100.000 Instructions a. Indicate whether the bonds were issued at a premium or a discount and explain how you can determine this fact from the schedule. b. Indicate whether the amortization schedule is based on the straight-line method or the effective interest method and explain how you can determine which method is used. Are both amortization methods accepted for financial reporting purposes? c. Determine the stated interest rate and the effective interest rate. d. Based on the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2023. e. Based on the schedule above, prepare the journal entry(ies) to reflect the bond transactions and accruals for 2023. (Interest is paid January 1.) f. Based on the schedule above, prepare the journal entry(ies) to reflect the bond transactions and accruals for 2031. Capulet does not use reversing entries. g. In addition to the above issue, the CEO asked you to explain to him if acquiring long term-debt was more desirable than issuing shares. Please comment on this request by comparing the two methods of financing.