Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Wildhorse Corporation 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 Year Cash Interest Amount Unamortized Carrying Value 1/1/2014 $54,404 $162.396 2014 $21.680 $24,359 51,725 165,075 2015 21.680 24,761 48.644 168,156 2016 21,680 25,223 45,101 171,699 2017 21,680 25,755 41026 175,774 2018 21.680 26,366 36,340 180,460 2019 21,680 27,069 30,951 185.849 2020 21,680 27.877 24,754 192046 2021 21,680 28,807 17,627 199.173 2022 21,680 29,876 9.431 207,369 4 2023 21.680 31.111 216,800 (a) 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 O decimal places, eg 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. (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 January 1. 2014 Account Titles and Explanation Debit Credit (e) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014. (Interest is paid January 1) (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 December 31,2014 Account Titles and Explanation Debit Credit I (n) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021 Wildhorse 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 dites are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Cree