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ntureet 18P the work you have completed so fer. It does not indicate completion Retu 40 Problem 14-25 Accrued interest; effective interest; financial statement effects (Appendix A On March 1, 2018, Baddour, Inc., issued 12% bonds, dated January 1, wit ends September 30 h a face amount of $167 million. The bonds were priced at 4 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31, Baddour's fiscal year Required 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30, 2018? (Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.) 3 Answer is complete but not entirely correct. Balance sheet Interest payable5 5010 0000 Bonds payable (net) 146,749,980 5 5,010 000 C income statement Interest expense 15 379 980 Statement of cash flows Financing activities Operating activities 146 400000 10,020,000 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. lt does not indicate completion 14 Problem 14-23 Report bonds at fair value; quarterly reporting [LO14-6 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 yeld was 12% interestis pod 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 querter during 2018 as determined by their market velues in the over-the- counter market were the following March 31 June 30 September 30 December 31 $430,800 410,000 406,000 413,800 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 querterly financial statements? ng'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 inco quarterly financial statements? me be increased or decreased by the bonds (ignoring taxes) in the September 30 l Appling's comprehensive income be increased os decreased by the bonds (ignoring taxes) in the December 31 annual financial statements? (For all requirements, Do not round your intermediate calculstions.) Answer is complete but not entirely correct. 14 March 31 June 30 September 3e December 31 $430,80e 410,000 466,080 413,880 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 (gnoring taxes 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 all requirements, Do not round your intermediate calculations.) 3 Answer is complete but not entirely correct. 1. Appling's comprehensive income will be decreasedby 23,102 2 Appling's comprehensive income will be decreased by 4.200 3 Appling's comprehensive income will be increased by S 3990 3 4 Appling's comprehensive income will be decreased by 54512