Please prepare a balance sheet

Sandhill Co. issued $445,000, 15-year, 6% bonds at 97.

(a)

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Prepare a tabular summary to record the sale of these bonds on January 1, 2022. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

	Assets	=	Liabilities			+	Stockholders Equity
							Pd. in Cap.	+	Retained Earnings
	Cash	=	Bonds Pay.	+	Disc. on Bonds Pay.	+	Common Stock	+	Revenue	-	Expense	-	Dividend
Jan.1	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		select an option Premium on bondsInterest expenseDiscount on bondsBonds payable

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(b)

Suppose the remaining Discount on Bonds Payable was $8,010 on December 31, 2027. Show the balance sheet presentation on this date.

SANDHILL CO. Balance Sheet (Partial) choose the accounting period For the Month Ended December 31, 2027For the Year Ended December 31, 2027December 31, 2027
select an opening name for section one Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
enter a balance sheet item		$enter a dollar amount
select between addition and deduction AddLess: enter a balance sheet item		enter a dollar amount		$enter a subtotal of the two previous amounts