face value on January 1, 2008. The five-year term bond that is payable in cash on December 31st of each year. Based issued at 98 and had a 7% stated rate of interest this information: Johnson Company issued bonds with a $100,000 Theoamount of interest expense showm on Jolinson's December 31, 2008 income statement would be: A. $6,600 B. $7,000 C $7,200 D. $7,400. 15. The total amount of liabilitics shown on Johnson's December 31, 2009 balanoe A. $98,800. B. $99,200. C $10,800. D. $10,00o. 16. The amount of cash outflow from operating activities shown on Johnson's December 31, 2008 statement cash flows would be: A. $7,000 B. $7,200 C $7,400 $7,800 , January 1, 2008, The Harrigan Corporation issued S35250 of 8%, 5-year bonds at 97 . The interest ments are due on December 31 each year