On the last day of Its fiscal year ending December $31,2024,$ the Safe & Rellable $($S&R$)$ Glass Company completed two

financing arrangements. The funds provided by these initiatlves will allow the company to expand its operations.

S&R Issued $8\%$ stated rate bonds with a face amount of $$105$ million. The bonds mature on December $31,2044(20$

years$).$ The market rate of interest for similar bond issues was $9\%(4\mathrm{.}5\%$ semlannual rate$).$ Interest is pald

semlannually $)$ on June $30$ and December $31,$ beginning on June $30,2025.$

The company leased two manufacturing facillties. Lease A requires $20$ annual lease payments of $$310,000$

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 $$330,000$ beginning on January $1,2028.$ Generally accepted accounting principles

require both leases to be recorded as llabiltiles for the present value of the scheduled payments. Assume that a

$10\%$ Interest rate properly reflects the time value of money for the lease obligations.

Required:

What amounts will appear in S&R$\text{'}$s December $31,2024,$ balance sheet for the bonds and for the leases?

Note: Do not round Intermedlate calculations. Round your final answers to nearest whole dollar amount. Use tables,

Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Answer is complete but not entirely correct.