Presented here is a partial amortization schedule for Swifty Company who sold $291000, five year 8% bonds on January 1, 2017 for $308460 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Period Interest Paid Interest Premium Expense Amortization Unamortized Premium Bond Carrying Value January 1 2017 $17460 $308460 January 1, 2018 (0) (ii) (it) (iv) (v) Which of the following amounts should be shown in cell (V)? 510476 $20952 $16063 $13968 Presented here is a partial amortization schedule for Sheffield Company who sold $314000, five year 8% bonds on January 1, 2017 for $326560 and uses annual straight-line amortization. Interest Period BOND AMORTIZATION SCHEDULE Interest interest Premium Unamortized Bond Carrying Paid Expense Amortization Premium Value January 1, 2017 $12560 $326560 January 1. 2018 00) (ii) (iii) liv) w Which of the following amounts should be shown in cell (? $6280 $25120 $27130 $26125 On September 1, Sheridan's Painting Service borrows $144000 from National Bank on a 3-month, $144000,4% note. The entry by Sheridan's Painting Service to record payment of the note and accrued interest on January 1is o Notes Payable 144000 Interest Payable 5760 Cash 149760 Notes Payable 144000 Interest Payable 1440 Cash 145440 Notes Payable 144000 Interest Expense 1440 Interest Payable 1440 Cash 145440 Notes Payable 144000 Interest Expense 1440 Cash 145440 Notes Payable 145440 Cash 145440