Check my work Selected financial data for Surf City and Paradise Falls are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Surf City 2021 2020 $ 16,073 $14,802 9,840 8,135 6,233 6,667 Paradise Falls 2021 2020 $32,333 $34,001 12,855 14,128 19,478 19,873 $ 6,443 300 Sales revenue Interest expense Tax expense Net income $14,556 396 38 2,312 556 Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. (Do not round intermediate calculations. Round ratios answers to 2 decimal places. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5)) Debt to Equity Ratio ! Required information [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $2,900,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 9%, the bonds will issue at $2,900,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 01, 2021 Cash Bonds Payable Required information (The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $2,900,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 10%, the bonds will issue at $2,651,193. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 > Record the bond issue. ! Required information (The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021, the company issues $2,900,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 3. If the market interest rate is 8%, the bonds will issue at $3,186,995. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 > Record the bond issue