3 Given the information below, which bond(s) will be issued at a discount? eBook Bond 1 Bond 2 Bond 3 Bond 4 Stated Rate of Return 6% 8% 11% 9% Market Rate of Return 8% 8% 9% 11% Multiple Choice Bond 1. Bonds 1 and 4. Bond 3. Bond 4, 1 eBook Northwest Clothing Supply has the following transactions during the year related to stockholders' equity. January 1 Issues 2,000 shares of no-par value common stock for $23 per share. March 15 Issues 900 shares of $20 par value preferred stock for $25 per share. December 1 Declares a cash dividend of $3 per share to all stockholders of record (both common and preferred) on December 15. December 15 Northwest Clothing Supply has fixed the Record Date for both common and preferred shares as December 15. December 31 Pays the cash dividend declared on December 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the issuance of 2,000 shares of no-par value common stock for $23 per share. Note: Enter debits before credits. Date Jan 01 General Journal Debit Credit Record entry Clear entry View general journal 4 Kela Corporation reports net income of $520,000 that includes depreciation expense of $81,000. Also, cash of $58,000 was borrowed on a 3-year note payable. Based on this data, total cash inflows from operating activities are: eBook) Multiple Choice $601,000. $439,000. $578,000. $659,000. 6 Discount-Mart issues $14 million in bonds on January 1, 2021. The bonds have a eight-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date 01/01/2021 Cash Paid Interest Expense Increase in Carrying Value Carrying Value $12,585,175 eBook 06/30/2021 $700,000 $755,111 $55,111 12,640,286 12/31/2021 700,000 758,417 58,417 12,698,703 06/30/2022 700,000 761,922 61,922 12,760,625 12/31/2022 700,000 765,638 65,638 12,826,263 What is the interest expense on the bonds in 2021? Multiple Choice $1,400,000. $1,513,528. O $755,111. $758,417. 7 eBook Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31, 2021: Treasury Stock, $475,000; Common Stock, $300,000; Preferred Stock, $1,200,000; Retained Earnings, $1,800,000; and Additional Paid-in Capital, $3,200,000. Prepare the stockholders' equity section of the balance sheet for Donnie Hilfiger as of December 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) DONNIE HILFIGER Balance Sheet (Stockholders' Equity Section) Stockholders' equity: December 31, 2021 Total paid-in capital Total stockholders' equity