At December 31, 2020 and 2021,Waterway Industrieshad outstanding4100shares of $100 par value 6% cumulative preferred stock and19400shares of $10 par value common stock. At December 31, 2020, dividends in arrears on the preferred stock were $12300. Cash dividends declared in 2021 totaled $44700. What amounts were payable on each class of stock?

Preferred Stock

Common Stock

$32400

$12300

$44700

$0

$24600

$20100

$36900

$7800

On June 30, 2021,Sheffield Corp.had outstanding9%, $8140000face amount, 15-year bonds maturing on June 30, 2031. Interest is payable on June 30 and December 31. The unamortized balance in the bond discount account on June 30, 2021 was $363000. On June 30, 2021,Sheffieldacquired all of these bonds at95and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt?

$7777000.

$7733000.

$7858400.

$8057000.

On January 1, 2021,Oriole Companysold $5050000of its12% bonds for $4470740to yield14%. Interest is payable semiannually on January 1 and July 1. What amount shouldOriolereport as interest expense for the six months ended June 30, 2021?

$303000

$312952

$353500

$268250

On January 1, 2021,Sunland Companyissued its9% bonds in the face amount of $7970000, which mature on January 1, 2031. The bonds were issued for $9089563to yield7%, resulting in bond premium of $1119563.Sunlanduses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2021,Sunland's adjusted unamortized bond premium should be(Round intermediate calculations to 0 decimal places, e.g. 9,020,890.)

$1018802.

$1038532.

$1119563.

$844132.