#7 please

QUESTION 7 On January 1, 2021, Solo Inc. issued 1300 of its 9%, $1000 bonds at 99. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2031. Solo paid $50,000 in bond issue costs. Solo uses straight-line amortization. The amount of interest expense for 2021 is: $118,300. O $123,300. $124,600. $117.000. QUESTIONS Selected information from Jacklyn Hyde Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to retire notes $ 112 Common shares acquired for treasury 172 Proceeds from issuance of preferred stock 254 Proceeds from issuance of subordinated bonds 292 Cash dividends paid on preferred stock 86 Cash interest paid to bondholders 116 In its statement of cash flows, Jacklyn Hyde should report net cash inflows from financing activities of: $176 million. $254 million $370 million. 50 million Click Save and Submit to save and submit. Click Save All Answers to save all answers 53