Q.4 Presented below are selected transactions on the books of Siemens Corporation. Bonds payable with a par value of $900,000, which are dated January 1, 2017, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 12% May 1, (payable annually at January 1), and mature January 1, 2027. (Use interest expense account for accrued interest.) 2017 Interest on the bonds is paid. Dec. 31 Jan. 1, 2018 Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. (Use straight-line amortization.) Interest on the bonds is paid. Bonds with par value of $360,000 are called at 102 plus accrued interest and redeemed. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. April 1 Dec. 31 in Instructions: (Round to two decimal places.) Prepare joumal entries for the transactions above. b)- A condensed balance sheet for Bolder Corporation prepared at the end of the year appears as follows. Assets Liabilities & Stockholders' Equity $ 105,000 Notes payable (due Cash $ 40,000 6 months) Accounts receivable 145,000 Accounts payable 110,000 Inventory 270,000 Long-term liabilities 360,000 Prepaid expenses 60,000 Capital stock, $5 300,000 par Plant & equipment 570,000 430,000 (net) Retained earnings Other assets 90,000 Total $1,240,000 Total $1,240,000 During the year the company earned a gross profit of $1,116,000 on sales of $2.950,000. Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages. Instruction: Compute the following: a. Current ratio, Quick ratio. b. Working capital C. Debt ratio. d. Accounts receivable turnover, consider all sales on credit. e. Book value per share of capital stock