Question: Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Sheffield Corporation on January 1, 2014, and

Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Sheffield 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 1/1/2014 Cash Interest Amount Unamortized Carrying Value $16,115 $126,485 2014 $14,260 $15,178 15,197 127,403 2015 14,260 15,288 14,169 128,431 2016 14,260 15,412 13,017 129,583 2017 14,260 15,550 11,727 130,873 2018 14,260 15,705 10,282 132,318 2019 14,260 15,878 8,664 133,936 2020 14,260 16,072 6,852 135,748 2021 14,260 16,290 4,822 137,778 2022 14,260 16,533 2,549 140,051 2023 14,260 16,809 142,600 (a) Indicate whether the bonds were issued at a premium or a discount.

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