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On March 1, 2021, Baddour, Inc., Issued 12% bonds, dated January 1, with a face amount of $167 million. The bonds were priced at $146.4
On March 1, 2021, Baddour, Inc., Issued 12% bonds, dated January 1, with a face amount of $167 million. The bonds were priced at $146.4 million (plus accrued Interest) to yleld 14%. Interest is pald semlannually on June 30 and December 31. Baddour's fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report In its balance sheet, Income statement and statement of cash flows for the year ended September 30, 2021? (Enter your answers in whole dollars. Negative amounts should be indicated by a minus slgn.) Balance sheet: Interest payable Bonds payable (net) $ 5,010,000 x Income statement: Interest expense 15.372,000 Statement of cash flows: Financing activities 148,400,000 10.020,000 Operating activities
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