On January 1, 2023, Entity J issued $2,000,000 of 4% bonds with a five-year term. Interest is payable annually on January 1. The market interest rate was 5%. The issue price was $1,831,509. Entity) uses the effective interest method for amortization of bond discount or premium. What is the new carrying value of the bonds after the first interest accrual on December 31, 2023? O $1,861,400 O $1,831,509 $2,000,000 $3,000,000 QUESTION 6 Entity reported net income of $150,000 for the current year and uses the indirect method to report operating activities cash flow Entity L reported a gain on the sale of used equipment of $40,000. Choose the appropriate category on the statement of cash flows to report the gain O Cash Flows From Operating Activities-Add to Net Income O Cash Flows From Operating Activities-Deduct from Not Income Cash Flows From Investing Activities Cash Flows From Financing Activities Non-cash All of the following statements are on the accrual basis except the: O retained earnings statement O classified balance sheet O statement of cash flows O income statement QUESTION 10 In a common size balance sheet, the 100 percent figure is O total current assets. O total assets. O total property, plant and equipment. O total liabilities