Use the following information to answer the questions:

Stargaze issued a bond on 1/1/2018. The following amortization schedule is as follows:

a. The Bond is issued for the amount of____.

b. The bonds have a life _____ years.

c. The annual stated interest rate on the bonds is ______.

d.The annual market interest rate on the bonds is ______.

Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/2018 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 7,000 7,000 7,000 7,000 7,000 $6,253 $6,208 $6,160 $6,110 $6,057 $747 $792 $840 $890 $943 $104,212 $103,465 $102,673 $101,833 $100,943 $100,000