On January $1,2022,$ Prescott Corporation issued $$10$ million of bonds at a price above

their face value. They mature in $10$ years and pay interest semiannually. Below is a partial

amortization schedule for the bonds.

Payment Cash Effective Decrease in Outstanding

Interest Balance Balance

$11,487,747$

#$1400,000344,63255,36811,432,379$

#$2400,000342,97157,02911,375,350$

#$3400,000341,26158,73911,316,611$

#$4400,000\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Required:

$*$Calculate the stated annual rate and effective annual interest rate on the bonds.

$*$Fill in the missing amounts related to payment #$4.$

$*$How much is total interest expense recognized on the bonds over the entire $10$ years?