Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2018, for $283,294,720. The bonds mature on December 31, 2027 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31.

Indicate the amounts reported on the financial statements below for the year ending December 31, 2018.

Balance Sheet:

Net Liability _______

Income Statement:

Interest Expense _________

Statement of Cash Flows:

Operating ________

Investing ________

Financing ________