Scott Corp. provides contracted home staging services to real estate agencies and their clients. Scott issued the following bonds in the current year:
a. 1,500 bonds with $1,000 face value which the market has valued at $45,000 below its face value
b. 2,700 bonds with $1,000 face value which the market has valued at $85,000 above its face value
Required:
Prepare the balance sheet presentation for these two bonds.