14 Problem 14-23 Report bonds at fair value; quarterly reporting [L014-6] eBok Print References Appling Enterprises issued 11% bonds with a face amount of $440,000 on January 1, 2018. The bonds sold for $406,898 and mature in 2037 20 years). For bonds of similar risk and maturity the market yield was 12% Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter during 2018 as determined by their market values in the over-the- counter market were the following: March 31 June 30 September 30 December 31 $430,000 410,000 406,080 413,000 General (risk-free) interest rates did not change during 2018 Required 1.By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements? 2. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the June 30 quarterly financial statements? 3. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the September 30 quarterly financial statements? 4.By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements? (For ell requirements, Do not round your intermediate calculations.) 1. Appling's comprehensive income will be decreased | by 2. Appling's comprehensive income will be decreased by 12 207 14 March 31 June 30 September 30 December 31 $438,800 410,000 486,080 413,080 oBook General (risk-free) interest rates did not change during 2018 Print Required 1. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements? 2. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the June 30 quarterly financial statements? 3. By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the September 30 quarterly finencial statements? 4.By how much will Appling's comprehensive income be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements? (For all requirements, Do not round your intermediate calculations.) 1. Appling's comprehensive income will be decreased by s 2. Appling's comprehensive income ill be decreased by 3. Appling's comprehensive income will be increased 4 Appling's comprehensive income will be decreased by s 12.207 by