The following amortization and interest schedule reflects the issuance of 10-year bonds by Blossom 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 Year Cash Interest Amount Unamortized Carrying Value 1/1/2014 $27.885 $111,015 2014 $15,279 $16,652 26,512 112,388 2015 15,279 16,858 24,933 113.967 2016 15,279 17,095 23,117 115,783 2017 15,279 17,367 21,029 117,871 2018 15.279 17,681 18,627 120,273 2019 15,279 18,041 15,865 123,035 2020 15,279 18,455 12,689 126,211 2021 15,279 18,932 9,036 129,864 2022 15,279 19,480 4,835 134,065 2023 15,279 20,114 138,900 (a) Indicate whether the bonds were issued at a premium or a discount. Discount (b) Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method. Straight-line method (c) Determine the stated interest rate and the effective-interest rate. (Round answers to 0 decimal places, eg. 18%) The stated rate The effective rate % %