Question: Presented here is a partial amortization schedule for Graceland Company who sold $200000, six year 10% bonds on January 1, 2016 for $212000 and uses

Presented here is a partial amortization schedule for Graceland Company who sold $200000, six year 10% bonds on January 1, 2016 for $212000 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Period Interest Paid Interest Expense Premium Amortization Unamortized Premium Bond Carrying Value January 1, 2016 $12000 $212000 January 1, 2017 (i) (ii) (iii) (iv) (v) Which of the following amounts should be shown in cell (iv)? $10800 $11400 $6000 $10000

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