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ON NOVEMBER 1 , 2021, SHERIDAN COMPANY PURCHASED 1000 OF THE $1000 FAE VALUE, 9% BONDS OF RAMSEY, INCORPORATED FOR $1,065,000 EHICH INCLUDES ACCRUED INTEREST

ON NOVEMBER 1 , 2021, SHERIDAN COMPANY PURCHASED 1000 OF THE $1000 FAE VALUE, 9% BONDS OF RAMSEY, INCORPORATED FOR $1,065,000 EHICH INCLUDES ACCRUED INTEREST OF $15,500. THE BONDS, WHICH MATURE ON JANUARY 1, 2026 PAY INTEREST SEMIANNUALLY ON MARCH 1 AND SEPTEMBER 1. ASSUMING THAT SHERIDAN USES THE STRAIGHT LINE METHOD OF AMORTIZATION AND THE ATHE BONDS ARE APPROPRIATELY CLASSIFIED AS HELD TO MATURITY, THE CARRYING VALUE OF THE BONDS SHOULD BE SHOWN ON SHERIDAN'S DECEMBER 31, 2021 BALANCE SHEET AT

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