Could you explain how to compute the 2017 year?

dont you prorate it as:

For ex Interest payable

04/30 - (700 000*3,5%)*4/6

10/30 - (700 000*3,5)

12/31 - (700 000*3,5%)*2/6

The fiscal year ends December 31 for Lake Hamiton Development To provide funding for its Moonlight Bay project, LHD issued 7% bonds with a face amount of $700,000 on November 1, 2016 The bonds sold for S630726, a pnce to yeld the market rate of 8%. The bonds mature October 31, 2036 (20 years) Interest is paid semiannually on April 30 and October 31 Required: 1. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2016? Answer is complete and correct. s 8,410 2. What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2016? Answer is complete and correct. Bonds payable Interest payable 630,969 8,167 3. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2017? Answer is complete but not entirely correct. s 49,000 4. What amount(s) related to the bonds will LHD rport in its balance sheet at December 31, 2017? Answer is complete but not entirely correct. Bonds payable 632,483 50,514 Interest payable