Carrying value Yale plans to issue $500,000,10-year, 4% bonds. Interest is payable annually on 12/31. All of the bonds will be issued on 1/1/2022. Show how the bonds would be reported on a balance sheet prepared on 1/2/22 if they are issued at 97. \begin{tabular}{l|l} & Balance Sheet: \\ Bonds: 500,000 at 97:500,000.97=485,000 & Bonds Payable 500000 \\ & Lessi discount 15000 \\ \hline \end{tabular} Carrying value some more ( 2 minutes) Repeat the previous exercise if the bonds are issued at 102. Balance Sheet