Need help with D$,$ E$,$ and F$.$ The following amortizatin and interest schedule reflects the issuance of $10-$year bonds by Sunland

corporation on January $1,2019,$ and the subsequent interest payments and charges. The company's

jear$-$end is December $31,$ and financial statements are preprared once yearly. Amortization Schedule

a$.$ Indicate whether the bonds were issued at a premium or a discount

Discount

$.$ Indicate whether the amortization schedule is based on the straight$-$line meth

Effective $-$interest method

The provided amortization schedule is to be based on the effective$-$interest method. In the effective$-$interest method,

nterest expense is calculated as a percentage of the carrying value of the bond for each period. As the carrying value

changes over time due to the amortization of the bond discount, the interest expense also changes accordingly.

c$.$ Determine the stated interest rate and the effective$-$interest rate.

Stated Interest Rate Formula: The stated interest rate is the rate mentioned on the face of the bond, and it represents the

annual interest payment as a percentage of the bond's face value.

The formula for calculating the stated interest rate is:

Stated Interest Rate $-(\frac{\text{C}\text{a}\text{s}\text{h}\text{I}\text{n}\text{t}\text{e}\text{r}\text{e}\text{s}\text{t}\text{P}\text{a}\text{i}\text{d}}{\text{F}\text{a}\text{c}\text{e}\text{V}\text{a}\text{l}\text{u}\text{e}of\text{t}\text{h}\text{e}\text{B}\text{o}\text{n}\text{d}\text{s}})100$

$10$

$\frac{\text{\$}11,000}{\text{\$}110,000},100$

The effective$-$interest rate is the rate that, when applied to the carrying value, results in the interest expense for each

beriod.

$14\mathrm{.}9995145$

$100$

d$.$ On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January $1,2019.($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 the amount

is entered. Do not indent manually. List all debit entries before credit entries.$)$

e$.$ On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for $2019.$

$($Interest is paid January $1.)($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit occount titles

are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

f$.$ On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for $2026.$

Sunland Corporation does not use reversing entries. $($Record entries in the order displayed in the problem statement. If no entry is required,

seCredit account titles are automatically indented when the amount is

entered. Do not indent manually. List all debit entries before credit entries.$)$ The following amortizatin and interest schedule reflects the issuance of $10-$year bonds by Sunland corporation on January $1,2019,$ and the subsequent interest payments and charges. The company's year$-$end is December $31,$ and financial statements are preprared once yearly. Amortization Schedule