a) Kakekita Inc. Issued JPY 400,000,000 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds is JPY 395,000,000 the firm redeems the bonds at 97. Prepare the entry to record the redemption of the bonds! (2.5 points) b) Byoln Inc. is a Japanese firm located in Saltama. Its JPY 300 par value stock is actively traded at JPY 500 per share. The firm Issues 80,000 shares of stock to acquire land. The land was recently advertised for sale at JPY 50,000,000. Prepare the entry to record the transaction! (2.5 points) c) Sakura Inc. is a Japanese firm located in Tokyo. The firm has the following Information Income Statement (for the year ended December 31, 2018) Sales JPY 6,583,000 COGS JPY -2,810,000 Operating expenses (excluding depreciation) JPY -2,086,000 Depreciation expense JPY -880,000 Loss on disposal of plant assets Income before Income taxes Income tax expense Net Income JPY -24,000 JPY 783,000 JPY -353,000 JPY 430,000 Comparative Balance Sheets (partial) 2017 2018 Cash JPY 130,000 Accounts receivable JPY 610,000 JPY 672,000 JPY 775,000 Inventory JPY 867,000 JPY 834,000 Apayable JPY 501,000 JPY 521,000 Income tax expense of JPY 353,000 represents the amount paid in 2019. Dividends declared and paid in 2019 totaled JPY 200,000. Equipment was purchased at a cost of JPY 750,000. The JPY 24,000 loss resulted from selling equipment for JPY 270,000 cash. Prepare the statement of cash flows using the indirect method! (5 points)