Please help resolve the answer to those questions, thanks.

1. If a contingency that is probable can be reasonablyestimated, a liability is recorded and an expense is accrued. True False 8% 2. The face value is $89,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time ofissue, the market rate is 8%. What is the present value of the bond at the issuedate? Present value of $1: 4% 5% 6% 7% 15 0.555 0.481 0.417 0.362 0.315 16 0.534 0.458 0.394 0.3390.292 17 0.513 0.436 0.371 0.317 0.270 18 0.494 0.416 0.350 0.296 0.250 19 0.475 0.396 0.331 0.277 0.232 Present value of ordinary annuity of $1: 4% 5% 6% 7% 8% 15 11.118 10.380 9.712 9.108 8.559 16 11.652 10.838 10.106 9.447 8.851 17 12.166 11.274 10.477 9.763 9.122 18 12.659 11.690 10.828 10.059 9.372 19 13.134 12.085 11.158 10.336 9.604 O $51,851 $99,377 O $47,401 $92,026 3. The journal entry to record theemployer's payroll tax expense will include a debit to Employee Income Taxes Payable. True False 4. The Great Lakes Company issues $533,000 of 12%, 10-year bonds at 108 on March31, 2018. The bond pays interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. The journal entry to record the first interest payment on September30, 2018 includes a. (Round your intermediate answers to the nearest dollar.) debit to Interest Expense for Odebit to Interest Expense for Odebit to Interest Expense for $29,848 Odebit to Cash for