ecorded as follows:

$($Click the icon to view the transaction.$)$

uickFlightJournal entries to record interest expense and amortize the bond discount in the first year follows:

$($Click the icon to view the journal entries.$)$

Transaction

t December $31,2021,$QuickFlightsond accounts appear as follows:

$($Click the icon to view the accounts.$)$

$/$hat would QuickFlightAirlines' $2021$ income statement and year$-$end balance sheet report for these bonds?