The following amortization and interest schedule is for the issuance of 10 year bonds by Bramble Corporation on January 1, 2020, and the subsequent interest payments and charges. The company's year end is December 31 and it prepares its financial statements yearly Amortization Schedule Amount Carrying Amount Year Cash Interest Unamortized Jan 1, 2020 $4,799 $87,201 Dec 31, 2020 $ 11.960 $ 12.208 4,551 87.449 2021 11.960 12.243 4.268 87.732 2022 11.960 12282 3.946 88.054 2023 11.960 12,328 3.578 88.422 2024 11.960 12.379 3.159 88.841 2025 12:438 89.319 11.960 2681 2026 11.960 12.505 2.136 89,864 2027 11.960 1515 90.485 12.581 807 2028 12.668 91.193 11.960 O 2029 12.767 $ 92.000 11.960 Determine the stated interest rate and the effective interest rate (Round answers to decimal places, e.s. 15%) Stated Interest Rate 13 % Effective Interest Rate 14 %6 e Textbook and Media Assistance Used List of Acounts Based on the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "Non Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1, 2020 Based on the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2020. (Interest is paid January 1) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 2020 Interest Expense Bonds Payable Interest Payable Based on the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2028. Bramble Corporation does not use reversing entries (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit 2 Credit