Multiple Choice Question 102 The adjusted trial balance for Coronado Industries at the end of the current year, 2018, contained the following accounts. 5-year Bonds Payable 8% $3000000 Interest Payable 52000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 39000 Notes Payable (5 yr.) 165000 Mortgage Payable ($13000 due currently) 198000 Salaries and wages Payable 19000 Income Taxes Payable (due 3/15 of 2019) 24000 The total long-term liabilities reported on the balance sheet are $3363000 $3461000. $3350000. $3448000. Multiple Choice Question 87 At December 31, 2017 the following balances existed on the books of Concord Corporation: Bonds Payable Discount on Bonds Payable Interest Payable $6070000 845000 145000 If the bonds are retired on January 1, 2018, at 101, what will Concord report as a loss on redemption? $607000 $1050700 $905700 $760700