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3. What amounts will be reported on the financial statements (statement of financial position, statement of earnings, and statement of cash flows) for year 2?

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3. What amounts will be reported on the financial statements (statement of financial position, statement of earnings, and statement of cash flows) for year 2? (Do not round your intermediate calculations. Enter your answers in thousands of dollars.) BERJ CORPORATION Financial Statements As of year December 31. Year 2 Statement of financial position: Long-term liabilities Statement of earnings: Statement of cash flows: Cash flow from operating activities Net earnings $ 0 Help Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1. year 1. Interest is payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partially completed amounts in thousands): Interest Cash Paid Expense Amortization January 1, year 1 (issuance) December 31, year 1 December 31, year 2 December 31, year 3 December 31, year 4 $540 540 540 540 $511 ? ? 7 $ 29 2 2 Carrying Amount $7,301 7,272 7,241 ? 7,200

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