The following amortization and interest schedule reflects the issuance of10-year bonds byFlintCorporation 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 Carrying Year Cash Interest Unamortlzed Value 171/2014 $19,223 $ 150,877 2014 $17,010 $18,105 18,128 151,972 2015 17,010 18,237 16,901 153,199 2016 17,010 18,384 15,527 154,5 73 2017 17,010 18,549 13,988 156,112 2018 17,010 18,733 12,265 157,835 2019 17,010 18,940 10,335 159,765 2020 17,010 19,172 8,173 161,927 2021 17,010 19,431 5,752 164,348 2022 17,010 19,722 3,040 167,060 2023 17,010 20,050 170,100 (a) Indicate whetherthe bonds were issued at a premium or a discount. 4" (b) Indicate whether the amortization schedule is based on the straight-line method or the effectiveinterest method. 1'- (c) Determine the stated interest rate and the effective-interest rate. (Round answers to 0 decimal places, e3. 18%.) The stated rate 96 The effective rate 96 (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 O 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 O 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. Flint Corporation does not use reversing entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit