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Bonds - R - Us Inc. issues a $ 1 0 , 0 0 0 , 0 0 0 face value bond with a coupon

Bonds-R-Us Inc. issues a $10,000,000 face value bond with a coupon rate of 12%. Coupon payments are made semi-annually, and the market determines that the risk profile of Bonds-R-Us warrants an interest rate of 15%. The bond maturity date is December 31st,2024. Payments are made every June 30th and December 31st.Create the Income Statement and Cash Flow Statement for Bonds-R-Us with respect to the above transactions for the 12 months between Jan 1st,2023 and Dec 31st,2023.
Create the Balance Sheet for Bonds-R-Us as of Dec 31st,2023.

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