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Presented Here Is a Partial Amortization Schedule for Graceland Company \quad

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Presented here is a partial amortization schedule for Graceland Company who sold $100000 five year 10% bonds on January 1 2016 for $108000 and uses annual straight-line amortization. \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad  BOND AMORTIZATION SCHEDULE \text { BOND AMORTIZATION SCHEDULE }
 Interest Period  Interest  Paid  Interest  Expense  Premium  Amortization  Unamortized  Premium  Bond Carrying  Value  January 1,2016 $8,000$108,000 January 1,2017  (i)   (ii)   (iii)   (iv)   (v)  \begin{array}{|c|c|c|c|c|c|}\hline\text { Interest Period } & \begin{array}{c}\text { Interest } \\\text { Paid }\end{array} & \begin{array}{c}\text { Interest } \\\text { Expense }\end{array} & \begin{array}{c}\text { Premium } \\\text { Amortization }\end{array} & \begin{array}{c}\text { Unamortized } \\\text { Premium }\end{array} & \begin{array}{c}\text { Bond Carrying } \\\text { Value }\end{array} \\\hline \text { January 1,2016 } & & & & \$ 8,000 & \$ 108,000 \\\hline \text { January 1,2017 } & \text { (i) } & \text { (ii) } & \text { (iii) } & \text { (iv) } & \text { (v) }\\\hline\end{array} Which of the following amounts should be shown in cell (i) ?

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