Completing a Bond Amortization Table (Effective Interest Rate Method) Cagney Company sold $180,000 of bonds on July 1, 2022. A portion of the amortization table appears below. Discount on Cash Payment Interest Expense Period 12/31/23 6/30/24 12/31/24 (Credit) $7,560 (Debit) Discount on Bonds Payable (Credit) Bonds Payable Balance Carrying Value $8,032 $472 $4,923 $175,077 7,560 8,054 494 4,429 175,571 ? ? Required: 1. Indicate the stated interest rate on these bonds. Round your answer to one decimal place. 2. Calculate the effective annual interest rate on these bonds. Round your answer to one decimal place. 3. Determine the interest expense and discount amortization for the interest period ending December 31, 2024. If required, round your answers to the nearest whole dollar. Cash Payment Interest Expense Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Period 12/31/23 6/30/24 12/31/24 (Credit) $7,560 7,560 (Debit) $8,032 8,054 Carrying Value $472 $4,923 494 4,429 $175,077 175,571 4. Determine the liability balance after the interest payment is recorded on December 31, 2024. If required, round your answer to the nearest whole dollar.