The following amortization and interest schedule reflects the issuance of10-year bonds byWhisperingCorporation 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 Unamortized Value 1/1/2014 $25,597 $ 76,403 2014 $10,200 $11,460 24,337 77,663 2015 10,200 11,649 22,888 79,112 2016 10,200 11,867 21,221 80,779 2017 10,200 12,117 19,304 82,696 2018 10,200 12,404 17,100 84,900 2019 10,200 12,735 14,565 87,435 2020 10,200 13,115 11,650 90,350 2021 10,200 13,553 8,297 93,703 2022 10,200 14,055 4,442 97,558 2023 10,200 14,642 102,000 (3) 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, 8.3. 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. (lf no entry is required. select \"No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Januaryl, ' ' ' ' ' ' 2014 l l l l l l (e) On the basis of the schedule above, prepare the journal entry to reect the bond transactions and accruals for 2014. (Interest is paid January 1.) (ll no entry is required, select "No Entry" for the account titles and enter 0 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 l l l l l l (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Whispering 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 Crec