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On January 1, 2018, bonds with a face value of $78,000 were sold. The bonds mature on January 1, 2028. The face interest rate is 6%. The bonds pay interest semiannually on July 1 and January 1. The market rate of interest is 10%. What is the market price of the bonds on January 1, 2018? The present value of $1 for 20 periods at 5% is 0.377. The present value of an ordinary annuity of $1 for 20 periods at 5% is 12.462. The present value of $1 for 20 periods at 3% is 0.554. The present value of an ordinary annuity of $1 for 20 periods at 3% is 14.878. (Round your final answer to the nearest dollar.) O A. $78,000 O B. $78,027 O C. $80,340 O D. $58,567 Burkert Company has 50,000 shares of $1 par value common stock issued and outstanding. The company also has 5,000 shares of $100 par value, 5% cumulative preferred stock outstanding. Burkert did not pay the preferred dividends in 2018 and 2019. For the common stockholders to receive a dividend in 2020, the board of directors must declare dividends in excess of: O A. $25,000. OB. $50,000. O C. $75,000. OD. $100,000. Census Company had the following accounts and balances at the end of the year. What are total liabilities at the end of the year? Cash Accounts Payable Common Stock Dividends Operating Expenses Accounts Receivable Inventory Long - term Notes Payable Revenues Salaries Payable $75,000 $13,000 $21,000 $12,000 $12,000 $51,000 $45,000 $35,000 $100,000 $26,000 O A. $13,000 O B. $48,000 C. $39,000 OD. $74,000 O David Corporation issued $120,000, 5-year bonds at 99 on January 1, 2016. On December 31, 2020, the bonds matured. The payment of the bonds at maturity would be reported on the statement of cash flows as a cash outflow of: O A. $118,800 in the investing activities section. O B. $118,800 in the financing activities section. O C. $120,000 in the financing activities section OD. $120,000 in the investing activities