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Question 19 4 pts Smeal's Academy had $20,000,000 of X bonds payable due in 2022. Prior to 12/31/2021, Smeal's refinanced $6,000,000 of the X bonds

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Question 19 4 pts Smeal's Academy had $20,000,000 of X bonds payable due in 2022. Prior to 12/31/2021, Smeal's refinanced $6,000,000 of the X bonds with other bonds that mature in 2032. On January 15, 2022, Smeal's refinanced another $4,000,000 of the X bonds with others that mature in 2029. Smeal's issued its financial statements on February 1, 2022. On February 15, 2022, Smeal's refinanced another $8,000,000 of the X bonds with others that mature in 2030. In its 2021 financial statements, Smeal's should show noncurrent bonds payable of: $4,000,000 $18,000,000 $10,000,000 $6,000,000

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