I need help with an accounting home work please

Below is the Balance Sheet of Rick and Morty Inc. as of December 31, 2023 Amounts in $ millions Amount Amount Assets Cash and cash equivalents 550 Accounts receivable 240 Inventory 140 Prepaid insurance 10 Property, plant and equipment Buildings 400 Less: Accumulated depreciation (20) 380 Plant and equipment 600 Less: Accumulated depreciation (60) 540 Patents 40 Total Assets 1,900 Liabilities Accounts payable 200 Salaries payable 360 Interest payable 20 Income tax payable 40 Deferred tax liabilities 20 Net pension benefit obligation 200 Bonds payable 600 Total liabilities 1,440 Shareholders' equity Common stock 30 Paid-in-capital - Excess of par 120 Paid-in-capital - stock options 1 Paid-in-capital - repurchases 9Retained earnings 300 Less: Treasury stock (20) 440 Preferred stock 20 Total shareholders' equity 460 Total liabilities and shareholders' equity 1,900Beginning balance information- . Bonds include a 15-year $600 million bond issued in 2023. The market value of the bonds was $600 million at the time of the issue. The market rate of interest and stated interest rate were the same at 10%. There is no change in the market rate of interest for these bonds. . Buildings and plant & equipment were acquired in the previous year at the beginning of the year. . Common shares outstanding at the beginning of the year were 3,000,000 shares with a $10 par value. . The company had also granted 200,000 options, which were vested on December 31, 2023. On March 31, 2024, these options were exercised at the agreed exercise price of $45. The beginning balance in the 'Paid-in-capital stock options' account represents these 20,000 options. The transactions and additional relevant information for Rick and Morty Inc. for the year ended December 31, 2024, are as follows: The company earned $1,600 million in sales revenue during the year. 70% of the sales revenue was received in cash, while 30% was on credit. The credit sales amount is still receivable at the end of IR0 The company also sold plant and equipment at the end of the year with acquisition cost of $25 million. There was a profit of $30 million on this sale. The cost of goods sold is $320 million. Inventory at the end of the year is $120 million. 80% of the purchases were in cash, and 20% of the purchases were on account, still payable at the end of the ML Employee compensation other than pension and other post-retirement benefits amounted to $300 million. The compensation for each month is paid at the beginning of the next month. The company uses straight-line depreciation for both buildings and plant & equipment. The useful life of buildings is 20 years, and of plant & equipment is 10 years. There is no expected salvage value. The amortization on patents is $10 million. Insurance expense for the year is $40 million. Prepaid insurance at the end of the year is $20 million. The income tax rate is 25%. For income tax reporting, the company was allowed to claim a. 50% depreciation on buildings each year in the first two years. b. 40% and 60% depreciation on plant and equipment in the first and second years. c. Sales revenue is taxed on cash basis 8. Pension benefits a. Prgjected benefit obligation details are as follows- Beginning balance Service cost Interest cost Prior service cost Loss on PBO Ending balance Amount ($ million b. Plan assets details are as follows- | Amount(Smillion) Benefits paid Ending balance The long-term expected rate of return is 10%. The average remaining service life of employees is expected to be 20 years. 8. Pension benefits a. Prgjected benefit obligation details are as follows- Beginning balance Service cost Interest cost Prior service cost Loss on PBO Ending balance Amount ($ million b. Plan assets details are as follows- | Amount(Smillion) Benefits paid Ending balance The long-term expected rate of return is 10%. The average remaining service life of employees is expected to be 20 years. The company also entered into another finance lease. The lease agreement qualifies as a finance lease and calls for semiannual lease payments of $202,520 over a five-year lease term, payable each June 30 and December 31, with the first payment on June 30, 2024. The company's incremental borrowing rate is 12%, the same rate the company uses to calculate lease payment amounts. 10. Bonds a. The company issued a 6% bonds on January 1, 2024, with a face amount of $6,000,000, the market yield for bonds of similar risk and maturity was 7%. The bonds mature December 31, 2027 (4 years). Interest is paid semiannually on June 30 and December 31. The company issued 5%, 20-year bonds with a face amount of $10 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. The company also issued 12% bonds, dated March 1, 2024, with a face value of $30 million. The bonds sold for $29.3 million and mature on February 28, 2027. Interest is paid semiannually on August 31 and February 28. The company raised money using 20,000, 10% convertible bonds with a face value of $20 million. The market rate of interest for bonds of similar maturity and risk is 10%. The bonds were issued at the beginning of the year. The bonds are convertible to equity at the end of 10 NI 11. Stock compensation a. Under its stock compensation option plan, the company granted 100,000 options to employees on Jan 1, 2024. Each option gives employees the right to buy one common share. The vesting date for these options is Dec 31, 2027. The exercise price for the stocks is $60. The estimated fair value of the options is $5 per option. The company expects a 10% forfeiture. 12. Shareholders' equity a. Issued 300,000 $10 par value shares at $120 price at the beginning of the year b. Repurchased 50,000 common shares at the market value of $90 at the end of June. c. Purchased equipment at the end of the year using 20,000 common shares with $10 par value. The 13. The company purchased treasury bills expiring in 3 months at the end of the year to the amount of $18 million. Required: 1. Computations a. Pension benefit expense for the year 2024 b. Income tax expense for the year 2024 #c. Schedule of bonds for the outstanding bonds as of December 31, 2024 Bond # Face Value Stated Interest | Maturity Interest Outstanding Rate Period expense Balance d. Schedule of leases for the outstanding leases as of December 31, 2024 Lease Lease Lease Lease Lease Interest Outstanding Outstanding # type Payment Period Expense Expense balance - asset balance - liability e. Basic and Diluted EPS (2024) 2. Income Statement for the year ended December 31, 2024 3. Balance Sheet as of December 31, 2024 4. Cash Flow Statement for the year ended December 31, 2024 5. Statement of Shareholders' equity for the year ended December 31, 2024