he following are four independent situations. (a) On March 1, 2021, Wildhorse Co. issued at 103 plus accrued interest $4,080,000, 9% bonds. The bonds are dated January 1, 2021, and pay interest semiannually on July 1 and January 1. In addition, Wildhorse Co. incurred $26,000 of bond issuance costs. Compute the net amount of cash received by Wildhorse Co. as a result of the issuance of these bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.)

Net amount of cash received

$

(b) On January 1, 2020, Sheffield Co. issued 9% bonds with a face value of $755,000 for $666,069 to yield 11%. The bonds are dated January 1, 2020, and pay interest annually. What amount is reported for interest expense in 2020 related to these bonds, assuming that Sheffield used the effective-interest method for amortizing bond premium and discount? (Round answer to 0 decimal places, e.g. 38,548.)

Interest expense to be reported for 2020

$

(c) Tamarisk Building Co. has a number of long-term bonds outstanding at December 31, 2020. These long-term bonds have the following sinking fund requirements and maturities for the next 6 years.

		Sinking Fund		Maturities
2021		$316,000		$105,000
2022		105,000		252,000
2023		105,000		105,000
2024		213,000		-
2025		213,000		147,000
2026		213,000		105,000

Indicate how above information should be reported in the financial statements at December 31, 2020. (Round answers to 0 decimal places, e.g. 38,548.)

Maturities and sinking fund requirements
2021		$
2022		$
2023		$
2024		$
2025		$
Thereafter		$

(d) In the long-term debt structure of Vaughn Inc., the following three bonds were reported: mortgage bonds payable $10,009,000; collateral trust bonds $4,962,000; bonds maturing in installments, secured by plant equipment $3,990,000. Determine the total amount, if any, of debenture bonds outstanding.

Total amount

$