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Myriad Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $370 million on January 1, 2016 for $330, 802, 422. The
Myriad Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $370 million on January 1, 2016 for $330, 802, 422. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. Required: 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. Round your answer to nearest whole dollar. Enter your answers in whole dollars.)
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