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1. On December 15, 2017, Wildhorse declared a cash dividend of $7.20 per share to stockholders of record on December 31. The dividend is payable

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1. On December 15, 2017, Wildhorse declared a cash dividend of $7.20 per share to stockholders of record on December 31. The dividend is payable on January 15, 2018. Wildhorse has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury. 2. At December 31, bonds payable of $239,000,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $59,750,000 every September 30, beginning September 30, 2018. 3. At December 31, 2016, customer advances were $25,800,000. During 2017, Wildhorse collected $65,500,000 of customer advances, and advances of $51,600,000 were earned. For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any. Reported as 1. Dividends payable $ 6840000 Current Liability 2. Bonds payable (September 30, 2018 installment) $ Bonds payable (Other than September 30, 2018 installment) $ Current Liability Interest payable $ Long-term Liability 3. Customer advances $ 39700000 Current Liability

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