25) On January 1, 2018, Ling Services issued $168,000 of six-year, 12% bonds when the market interest rate was 11%. The issue price of the bonds was $177,110. Ling uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round the final answer to the nearest dollar.)

A) $9741

B) $10,627

C) $9240

D) $10,080

26) Stone Company reported net income of $2,536 million in 2016. The weighted average number of common shares outstanding during 2016 was 554 million shares. Brook paid $80 million in dividends on preferred stock, which was convertible into 20 million shares of common stock. How much is basic earnings per share amount for 2016?

A) $4.27

B) $4.42

C) $4.43

D) $4.58

27) On September 1, 2016, Utah Company's balance sheet indicates there are 1,600,000 shares of $60 par value common shares in the Common Stock account and $9,000,000 in the Additional Paid-in Capital account. There are 4,000,000 shares authorized. On September 2, Utah splits its stock 2 for 1. What is the dollar balance of Utah's common stock account immediately after the stock split?

A) $144,000,000

B) $ 72,000,000

C) $ 36,000,000

D) $ 96,000,000