Question: Check my work 4 Exercise 10-22A Effective interest amortization for a bond premium LO 10-7 Spoed On January 1, Year 1, Hart Company issued bonds

Check my work 4 Exercise 10-22A Effective interest amortization for a bond premium LO 10-7 Spoed On January 1, Year 1, Hart Company issued bonds with a face value of $133,000, a stated rate of interest of 17 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 16 percent at the time the bonds were issued. The bonds sold for $137,355 Hart used the effective interest rate method to amortize the bond premium (Round your intermediate calculations and final answers to the nearest whole number.) Required a. Prepare an amortization table Date Cash Payment Interest Expense Premium Amortization Carrying Value 137.355 136,722 22.610 21.977 633 January 1, Yoar 1 December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 December 31, Year 5 Total 22,610 21,977 633 b. What is the carrying value that would appear on the Year 4 balance sheet? c. What is the interest expense that would appear on the Year 4 income statement? d. What is the amount of cash outflow for Interest that would appear in the operating activities section of the Year 4 statement of cash flows? b. Carrying value on the Year 4 c. Interest expense for Year 4 d. Cash outflow for interest in Year 4
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