Problem 10-28B Recording transactions for callable bonds Laird Corp, issued $500,000 of 20-year, 8 percent, callable bonds on January 1, 2013, with inter- est payable annually on December 31. The bonds were issued at their face amount. The bonds are callable at 104. The fiscal year of the corporation ends December 31. LO 3 Required a. Show the effect of the following events on the financial statements by recording the appropri- ate amounts in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA if an element was not affected by the event. (1) Issued the bonds on January 1, 2013. (2) Paid interest due to bondholders on December 31, 2013 (3) On January 1, 2018, Laird Corp. called the bonds. Assume that all interim entries were correctly recorded. Problem 10-28B Recording transactions for callable bonds Laird Corp, issued $500,000 of 20-year, 8 percent, callable bonds on January 1, 2013, with inter- est payable annually on December 31. The bonds were issued at their face amount. The bonds are callable at 104. The fiscal year of the corporation ends December 31. LO 3 Required a. Show the effect of the following events on the financial statements by recording the appropri- ate amounts in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA if an element was not affected by the event. (1) Issued the bonds on January 1, 2013. (2) Paid interest due to bondholders on December 31, 2013 (3) On January 1, 2018, Laird Corp. called the bonds. Assume that all interim entries were correctly recorded