Problem $5-15($Static$)$ Bonds and leases; deferred annuities $[$LO$5-3,5-8,5-10]$

On the last day of its fiscal year ending December $31,2024,$ the Safe & Reliable $($S&R$)$ Glass Company completed two financing arrangements. The funds provided by these initiatives will allow the company to expand its operations.

S&R issued $8\%$ stated rate bonds with a face amount of $$100$ million. The bonds mature on December $31,2044(20$ years$).$ The market rate of interest for similar bond issues was $9\%(4\mathrm{.}5\%$ semiannual rate$).$ Interest is paid semiannually $(4\%)$ on June $30$ and December $31,$ beginning on June $30,2025.$

The company leased two manufacturing facilities. Lease A requires $20$ annual lease payments of $$200,000$ beginning on January $1,2025.$ Lease B also is for $20$ years, beginning January $1,2025.$ Terms of the lease require $17$ annual lease payments of $$220,000$ beginning on January $1,2028.$ Generally accepted accounting principles require both leases to be recorded as liabilities for the present value of the scheduled payments. Assume that a $10\%$ interest rate properly reflects the time value of money for the lease obligations. What amounts will appear in S&R$\text{'}$s December $31,2024,$ balance sheet for the bonds and for the leases?

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$ Bond Liability Lease A liability Lease B Liability