Check my work Required information The following information applies to the questions displayed below) A company incurred the following transactions a. Income tax expense of $686 for the current period is accrued, or the accrual, $265 represents deferred taxtabities b. Bonds payable with a foce amount of $6,300 are issued at a price of 97. c. Or the proceeds from the bonds in part 1, $4,900 is used to purchase land for future expansion d. Because of warranty claims, finished goods inventory costing $145 is sent to customers to replace defective products e. A three month, 9.8% note payable with a face amount of $20,500 was signed. The bank made the loan on a discount basis t. The next installment of a long-term serial bond requiring an annual principal repayment of $52,000 will become due within the current year, Required: 0-1. Show the effect, if any, of ench transaction/adjustment on the appropriate balance sheet category or on net income by selecting for each category affected the account name and amount and indicating whether it is an addition () or a subtraction (lems that affect net income should not also be shown as affecting shareholders' equity Transactions! Adjustment Current Act Noncurrent Assets Current Liais Noncurrent Liabilities Deforred tacos +265 0