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Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2016 for $283,294,720. The bonds mature

Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2016 for $283,294,720. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31.

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Complete the table below to calculate the amounts related to the bonds that Myriad would report in its financial statements. (Enter your answers in whole dollars.)

Period end Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value
01/01/2016
06/30/2016
12/31/2016
Total

Indicate the amounts reported on the financial statements below for the year ending December 31, 2016. (Any outflow of cash should be indicated by a minus sign. Enter your answers in whole dollars.)

Amounts
Balance Shet
Net liability
Income Statement
Interest expense
Statement of cash flows
Operating
Investing
Financing

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