3. On September 1, 2020, ER issued 11%, 10 year bonds dated June 1, 2020, in the face amount of $140,000, with interest payable July 1 and December 31. The bonds were sold for $140,000. How much should ER debit to cash on September 1, 2020? a. $140,000 b. $142,567 c. $147,700 d. Cannot be determined from the information given 4.EGR just completed its first year end. During the year, EGR recorded $12,000 in depreciation ($18,500 CCA). In addition there was a deduction in the accounting records for meals and entertainment amounting to $6,000. As a result taxable income will: be higher than accounting income by $5,500. b. be lower than accounting income by $3,500. C. be higher than accounting income by $500. d. be lower than accounting income by $5,500. e. be equal to accounting income. a