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2 Supplemental Problem #1 (SP#1) As of 12-31-2025, Hampton has the following bonds payable outstanding. Series A Bonds $100,000 of bonds which mature 1-31-2026 Series B Bonds $300,000 of bonds which mature 2-28-2026 Series C Bonds $500,000 of bonds which mature 3-31-2026 Each of three bonds was sold at face value. Hampton Corporation intends to refinance each of the three (3) bonds listed above on a long-term basis. The refinancing of the Series A Bonds was completed on 12-9-2025. The refinancing of the Series B Bonds was completed on 1-27-2026. The refinancing of the Series C Bonds was completed on 3-15-2021. Assume that Hampton tries to minimize its current liabilities reported on the balance sheet, as do many companies. Hampton issued its 2020 financial statements on 3-1-2026. 3 Required A) As of 12-31-2025 Hampton has total liabilities related to the bonds payable of $$900,000, i.e., Series A, Series B and Series C. Each of the bonds payable making up the $900,000 in liabilities must be classified as either a current liability or a long- term liability on the 12-31-2025 balance sheet. Under generally accepted accounting principles (GAAP), what is the minimum amount of current liabilities that Hampton can report on its 12-31-2025 balance sheet ? Or equivalently, under GAAP, what is the maximum amount of long-term liabilities related to the bonds that Hampton can report on its 12-31-2025 balance sheet? B) As of 12-31-2025 Hampton has total liabilities related to the bonds payable of $$900,000, i.e., Series A, Series B and Series C. Each of the bonds payable making up the $900,000 in liabilities must be classified as either a current liability or a long- term liability on the 12-31-2025 balance sheet. Under International Financial Reporting Standards (IFRS), what is the minimum amount of current liabilities that Hampton can report on its 12-31-2025 balance sheet? Or equivalently, under International Financial Reporting Standards (IFRS), what is the maximum amount of long-term liabilities related to the bonds that Hampton can report on its 12-31-2025 balance sheet? 2 Supplemental Problem #1 (SP#1) As of 12-31-2025, Hampton has the following bonds payable outstanding. Series A Bonds $100,000 of bonds which mature 1-31-2026 Series B Bonds $300,000 of bonds which mature 2-28-2026 Series C Bonds $500,000 of bonds which mature 3-31-2026 Each of three bonds was sold at face value. Hampton Corporation intends to refinance each of the three (3) bonds listed above on a long-term basis. The refinancing of the Series A Bonds was completed on 12-9-2025. The refinancing of the Series B Bonds was completed on 1-27-2026. The refinancing of the Series C Bonds was completed on 3-15-2021. Assume that Hampton tries to minimize its current liabilities reported on the balance sheet, as do many companies. Hampton issued its 2020 financial statements on 3-1-2026. 3 Required A) As of 12-31-2025 Hampton has total liabilities related to the bonds payable of $$900,000, i.e., Series A, Series B and Series C. Each of the bonds payable making up the $900,000 in liabilities must be classified as either a current liability or a long- term liability on the 12-31-2025 balance sheet. Under generally accepted accounting principles (GAAP), what is the minimum amount of current liabilities that Hampton can report on its 12-31-2025 balance sheet ? Or equivalently, under GAAP, what is the maximum amount of long-term liabilities related to the bonds that Hampton can report on its 12-31-2025 balance sheet? B) As of 12-31-2025 Hampton has total liabilities related to the bonds payable of $$900,000, i.e., Series A, Series B and Series C. Each of the bonds payable making up the $900,000 in liabilities must be classified as either a current liability or a long- term liability on the 12-31-2025 balance sheet. Under International Financial Reporting Standards (IFRS), what is the minimum amount of current liabilities that Hampton can report on its 12-31-2025 balance sheet? Or equivalently, under International Financial Reporting Standards (IFRS), what is the maximum amount of long-term liabilities related to the bonds that Hampton can report on its 12-31-2025 balance sheet