The following amortization and interest schedule reflects the issuance of 10-year bonds by Flint Corporation on January 1, 2014, and the subsequent interest payments and charges. The companys year-end is December 31, and financial statements are prepared once yearly

Amortization Schedule Amount Unamortized Carrying Value Year Cash Interest 1/1/2014 $ 45,195 $ 134,905 2014 $ 18,010 $ 20,236 42,969 137,131 2015 18,010 20,570 40,409 139,691 2016 18.010 20,954 37,465 142,635 2017 18,010 21,395 34,080 146,020 2018 18,010 21,903 30,187 149.913 2019 18,010 22,487 25,710 154,390 2020 18.010 23.159 20,561 159.539 2021 18,010 23,931 14,640 165,460 2022 18,010 24,819 7,831 172.269 2023 18.010 25,841 180.100 (a) Indicate whether the bonds were issued at a premium or a discount. (b) Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method. (c) Determine the stated interest rate and the effective-interest rate. (Round answers to decimal places, eg, 18%) The stated rate The effective rate 96 (d) On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1 2014 le) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014. (Interest is paid January 1.) If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Debit Account Titles and Explanation Credit December 31. 2014 (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Flint Corporation does not use reversing entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation