Reporting Long-Term Debt on the Statement of Financial Position Twan Corp. has the following bonds:

a. \(\$ 1,000,000\) in bonds that have \(\$ 30,000\) of unamortized discount associated with them.

b. \(\$ 2,500,000\) in bonds that have \(\$ 75,000\) of unamortized premium associated with them.

\section*{Required:}

Prepare the statement of financial position presentation for these two bonds.

Cornerstone Exercise