Hi..I send you the solution to this problem...can you explain to me or show me all the calculations.. please

William D. Kidd, Inc. authorized $300,000 of 6%, callable bonds on June 1, 2016. These securities would pay interest annually on each May 31st, and they are scheduled to mature on May 31, 2025. On January 2, 2020, Kidd issued all the bonds in exchange for a building with a fair value of $274,000. The debt was collateralized by machinery and equipment with a market value of $412,000. The bond investors paid all accrued interest in cash. On August 31, 2022, Kidd called the bonds and paid the lenders $1,100 for each $1,000 bond outstanding. Kidd also paid all interest payable due as of that date. Provide the journal entries related to the bonds that Kidd would make on June 1, 2016, January 2, 2020, and August 31, 2022. PER WILLIAM KID, Generalne 009 LED RODEJ IRL A ICON DIBWA D. Bellpy EDO DOO AD TIT LET Hon 1500 2200 31000 an APUR DE 8/31 CAN Dos but Benda pampide Didunt au bada se Cash Bobo 143500 pob Bobbol CA Are Note de thout prior written comment Mirwartin Chapter 14 - Solution to Class Exercise No. 4 (continued) William D. Kidd, Inc. The calculations for the journal entries include considering the following: The term of the bonds is expected to be 9 years or 108 months. The bonds were not issued until January 2, 2020, 43 months after the authorization date, leaving only 65 months remaining until the bonds are scheduled to mature. The amount of accrued interest required by the issuer on the issuance date, which occurred 7 months after the most recent potential interest-payment date of June 30, 2022. Annual interest on the bonds is $18,000, or $1,500 a month; accrued interest would therefore be $10,500. The face amount of the bonds ($300,000) less the fair value of the building received in exchange ($274,000) results in a discount on the transaction of $ 26,000. . The monthly amortization of the discount would be $400, calculated as $26,000 + 65 months. The period from the issuance of the bonds until their redemption was 29 months ($400 X 29 = $11,600), leaving $14,400 of unamortized discount to be accounted for as part of the final interest payment ($1,200) and the write-off of the account balance ($13,200)