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Current Attempt in Progress On June 30, 2020, Metlock Company issued $4,420,000 face value of 15%, 20-year bonds at $5,417,560, a yield of 12%. Metlock

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Current Attempt in Progress On June 30, 2020, Metlock Company issued $4,420,000 face value of 15%, 20-year bonds at $5,417,560, a yield of 12%. Metlock uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet. (Round answers to decimal ple 38,548.) Metlock Company Balance Sheet $

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