. What is the cash interest payment and interest expense for the bond in 2014 using the formulas below? Cash interest payment = Principal x Coupon rate x Time Interest expense = Carrying value * Effective ratex Time Amortization of discount = Interest expense - Cash interest payment Cash interest payment: Interest expense: Amortization of discount: h. What are the B/S and I/S entries on Dec 31, 2014? Ignore the impact of taxes. Balance Sheet Income Statement i. What happens when the bond is retired in 10 years? . What is the cash interest payment and interest expense for the bond in 2014 using the formulas below? Cash interest payment = Principal x Coupon rate x Time Interest expense = Carrying value * Effective ratex Time Amortization of discount = Interest expense - Cash interest payment Cash interest payment: Interest expense: Amortization of discount: h. What are the B/S and I/S entries on Dec 31, 2014? Ignore the impact of taxes. Balance Sheet Income Statement i. What happens when the bond is retired in 10 years