Edge Co., a toy manufacturer, is in the process of preparing its financial statements for the year ended December 31, Year 8 . Edge expects to issue its Year 8 financial statements on March 1, Year 9. For each item, two responses are required. Select from the option lists provided the appropriate adjustment amount, if any, and whether additional disclosure is required, either on the face of or in the notes for each financial statement below. Each choice may be used once, more than once, or not at all. If no adjustment is necessary, select "No entry required" in the Adjusted amount column and continue to the Additional disclosure required column. 5. On January 30 , Year 9, Edge issued $10 million bonds at a premium of $500,000. 6. On February 4 , Year 8 , the IRS assessed Edge an additional $400,000 for the Year 4 tax year. Edge's tax attorneys and tax accountants have stated that it is likely that the IRS will agree to a $100,000 settlement. Edge Co., a toy manufacturer, is in the process of preparing its financial statements for the year ended December 31, Year 8 . Edge expects to issue its Year 8 financial statements on March 1, Year 9. For each item, two responses are required. Select from the option lists provided the appropriate adjustment amount, if any, and whether additional disclosure is required, either on the face of or in the notes for each financial statement below. Each choice may be used once, more than once, or not at all. If no adjustment is necessary, select "No entry required" in the Adjusted amount column and continue to the Additional disclosure required column. 5. On January 30 , Year 9, Edge issued $10 million bonds at a premium of $500,000. 6. On February 4 , Year 8 , the IRS assessed Edge an additional $400,000 for the Year 4 tax year. Edge's tax attorneys and tax accountants have stated that it is likely that the IRS will agree to a $100,000 settlement