On January 1, 2018, Euro Company purchased and fixed an oll rig. The company is legally required to dismantle the rig at the end of its 10 years useful life. Euro estimates that dismantling will cost $300,000 (present value at 10% 115,665), Required: A) Prepare the journal entry to record the environmental Mobility for the rig on January 1, 2018. B) Prepare any lournal entries required for the rig and the environmental liability at December 31, 2018. Assume that straight-line depreciation is used. C) On December 31, 2027, the company contracts with a third party to dismantle the rig at a price of $315,000. Prepare the journal entry for the settlement of the environmental liability, Wome On January 1, Zoom Inc. issued $6,250,000, 9% bonds for $5,868,750, Interest is payable annually on December 31. The market rate of interest for these bonds is 10%. Using the effective-interest method of amortizing and discount, what would be the amount of bonds payable to be reported by Zoom at the end of the first year? DA S322,5625 B. $5,931,250 $5,893,125 D. $5.906,875