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 initlatives 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 $9\%(4\mathrm{.}5\%$ semiannual rate$).$ Interest is pald semiannually $(4\mathrm{.}0\%$ on June $30$ and

December $31,$ beginning on June $30,2025.$

The company leased two manufacturing facillitles. 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

llabilities 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 calculatlons. 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.