INSTRUCTOR COMPANION SITE ccounting Principles 12th Edition 15 20T5 15-8B The following is taken from the Sinjh Corporation balance sheet SINJH CORPORATION Balance Sheet (partial) December 31, 2015 Current liabilities Interest payable (for 12 months $ 216,000 rom January 1 to December 31) Bonds payable, 9%, due Less: Discount on bonds payable Long-term liabilities January 1, 2026 $2,400,000 90,000 2,310,000 nterest is payable annually on January I. The bonds are callable on any annual interest line amortization for any bond premium or discount. From bonds will be outstanding for an additional 10 years (120 months) late. Sinjh uses straight- ecember 31.2015, the nstructions und all computat tions to the nearest dollar bond interest on January 1,2016 try to amortize bond discoun accrue the est due or