Please see the attachment for full problem description.Effective interest amortization for a bond premiumOn January 1 2012 Crume Incorporated issued bonds with a face value of $100000 a stated rate of interest of 9 percent and a five year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 8 percent at the time the bonds were issued. The bonds sold for $103993. Crume used the effective interest rate method to amortize bond discount.Cash Payment Interest Expense Premium Amortization Carrying ValueJanuary 1 2012 103993December 31 2012 9000 8319 681 103312December 31 2013 ? ? ? ?December 31 2014 ? ? ? ?December 31 2015 ? ? ? ?December 31 2016 ? ? ? ?Total 45000 41007 3993b. What time(s) in the table would appear on the 2014 balance sheet?c. What time(s) in the table would appear on the 2014 income statement?d. What time(s) in the table would appear on the 2014 statement of cash flows?Problem 8-19midwest corp completed the following tranactions in 2012 the first year or operation1. issued 20000 shares of 10$ par common stock at par.2.issued 2000 shares of 30$ stated value preferred stock at 32$ per share3.purchased 500 shares of common stock as tresuary stock for 15$ per share.4.declared a five percent dividend on preferrred stock.5.sold 300 shares of tresuary stock for 18$ per share.6.paid the cash dividend on preferred stock that was declared in event four7. earned cash service revenue of 75000 and incurred cash operating expenses of 420008.appropriated 6000 of retained earningsrequireda. organize the transaction in accounts under an accounting equationb.prepare the stockholders equity section of the balance sheer as of december 31 2012
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