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On the last day of its fiscal year ending December 3 1 , 2 0 2 4 , the Safe & Reliable ( S&R )

On the last day of its fiscal year ending December 31,2024, the Safe & Reliable (S&R) Glass Company completed two financing arrangements. The funds provided by these initiatives will allow the company to expand its operations.
S&R issued 6% stated rate bonds with a face amount of $110 million. The bonds mature on December 31,2044(20 years). The market rate of interest for similar bond issues was 7%(3.5% semiannual rate). Interest is paid semiannually (3.0%) on June 30 and December 31, beginning on June 30,2025.
The company leased two manufacturing facilities. Lease A requires 20 annual lease payments of $330,000 beginning on January 1,2025. Lease B also is for 20 years, beginning January 1,2025. Terms of the lease require 17 annual lease payments of $350,000 beginning on January 1,2028. Generally accepted accounting principles require both leases to be recorded as liabilities for the present value of the scheduled payments. Assume that an 8% interest rate properly reflects the time value of money for the lease obligations.
Required:
What amounts will appear in S&R's December 31,2024, balance sheet for the bonds and for the leases?
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
\table[[Bond liability,$,98,254,431ox
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