Presented below are four independent situations.

(a) On March 1, 2015, Wilke Co. issued at 104 plus accrued interest $4,468,000, 8% bonds. The bonds are dated January 1, 2015, and pay interest semiannually on July 1 and January 1. In addition, Wilke Co. incurred $25,300 of bond issuance costs.

Compute the net amount of cash received by Wilke Co. as a result of the issuance of these bonds. (Round answer to 0 decimal places, e.g. 38,548.)

Net amount of cash received $

(b) On January 1, 2014, Langley Co. issued 8% bonds with a face value of $719,400 for $630,990 to yield 10%. The bonds are dated January 1, 2014, and pay interest annually.

What amount is reported for interest expense in 2014 related to these bonds, assuming that Langley used the effective-interest method for amortizing bond premium and discount? (Round answer to 0 decimal places, e.g. 38,548.)

Interest expense to be reported for 2014 $

(c) Tweedie Building Co. has a number of long-term bonds outstanding at December 31, 2014. These long-term bonds have the following sinking fund requirements and maturities for the next 6 years.

Year

Sinking Fund

Maturities

2015 $312,800 $113,200 2016 113,200 261,100 2017 113,200 113,200 2018 209,500 - 2019 209,500 161,200 2020 209,500 113,200

Indicate how above information should be reported in the financial statements at December 31, 2014. (Round answers to 0 decimal places, e.g. 38,548.)

Maturities and sinking fund requirements 2015 $ 2016 $ 2017 $ 2018 $ 2019 $

(d) In the long-term debt structure of Beckford Inc., the following three bonds were reported: mortgage bonds payable $10,062,000; collateral trust bonds $5,017,900; bonds maturing in installments, secured by plant equipment $4,015,900.

Determine the total amount, if any, of debenture bonds outstanding.

Total amount $