The following amortization and interest schedule reflects the issuance of 10-year bonds by Headland 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. Year 1/1/2014 2014 2015 2016 2017 2018 2019 2020 2021 Amortization Schedule Amount Cash Interest Unamortized $42,585 $16.970 $19,067 40,488 16,970 19,382 38,076 16,970 19.744 35,302 16,970 20.160 32,112 16,970 20,638 28.444 16,970 21,188 24.226 16,970 21,821 19.375 16,970 22,549 13,796 16.970 23,386 7,380 16,970 24,350 Carrying Value $ 127.115 129,212 131.624 134,398 137.588 141.256 145,474 150,325 155,904 162,320 169.700 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 decimal places, eg. 18%) The stated rate % The effective rate 96 3 (d) On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014, of 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) Account Titles and Explanation Debit Credit Dale 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 13 (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 December 31. 2014 Debit Credit On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Headland Corporation does not use reversing entries. 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) Credi Date Account Titles and Explanation Debit