Data table re Mortgage note payable, ite current $ $ 164,000 abilit AL 22,000 Accumulated pension benefit obligation Bonds payable, long-term. Mortgage note.payable, long-term Bonds payable, current portion Accumulated depreciation, 92,000 equipment Discount on bonds payable 450,000 (all long-term) 1,400,000 Operating income. Equipment 313,000 Pension plan assets 400,000 (market value) 226,000 Interest payable . 340,000 743,000 415,000 Interest expense 74,000 Print Done Requirements X Show how each relevant item would be reported on the Brighton Foods, Inc., classified balance sheet, including headings and totals for current liabilities and long-term liabilities. Answer the following questions about Brighton's financial position at December 31, 20X0: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? How many times did Brighton cover its interest expense during 20X0? Print Done The accounting records of Brighton Foods, Inc., include the following items at December 31, 20X0: HIYIMIMMY Partial Balance Sheet December 31, 20X0 Assets Liabilities Less: Accumulated depreciation Bonds payable, current portion Bonds payable, long-term Current liabilities: Discount on bonds payable Equipment Interest expense Interest payable Interest revenue Interest revenue Long-term liabilities: Mortgage note payable, current Mortgage note payable, long-term Net Pension asset Net Pension liability Property, plant, and equipment Total current liabilities Total long-term liabilities Requirement 2. Answer the following questions about Brighton's financial position at December 31, 20X0: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? $ b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Brighton cover its interest expense during 20X0? (Round your answer to two decimal places.) Brighton covered its interest expense times est payable amount so much less than the amount of interest expense? the = the own amount of interest that the company owes at year-end. ound y Is int company's cost of borrowing for the full year