The following amortization and interest schedule reflects the issuance of 10-year bonds by Sandhill Corporation on January 1, 2014, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Amount Interest Unamortized Year Cash $31,277 1/1/2014 2014 $17,138 2015 17,138 2016 17,138 2017 2018 $18,678 18,909 19,175 19,481 19,832 20,236 20,701 21,235 21,850 22,560 Carrying Value $ 124,523 126,063 127,834 129,871 132,214 134,908 138,006 141,569 145,666 150,378 155,800 29,737 27,966 25,929 23,586 20,892 17,794 14,231 10,134 5,422 17,138 17,138 17,138 17,138 17,138 17,138 17,138 2019 2020 2021 2022 2023 (a) Indicate whether the bonds were issued at a premium or a discount. (b) Indicate whether the amortization schedule is based on the straight-line method or the effective interest method. (c) Determine the stated interest rate and the effective-interest rate. (Round answers to 0 decimal places, e.g. 18%.) The stated rate % The effective rate % (d) On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2014 (e) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014. (Interest is paid January 1.) (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2014 (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Sandhill Corporation does not use reversing entries. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit