Question 25 (3 points) Acme Widget.issued 10-year, 8%, $100,000 bonds paying interest on an annual basis, at a $3,400 premium. Which one of the following statements is true? Acme's annual interest expense on the bonds will be greater than the amount of interest payments to bondholders each year. Acme's annual interest expense on the bonds will be less than the amount of interest payments to bondholders each year. Acme will receive $96,600 as the issue price. The cash paid to bondholders will be $9,558 each interest period. Question 26 (3 points) Gadgetronics paid $2,000 interest on short-term Notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on its common stock. Acme would report cash flows from activities as follows: Operating, $18,000; financing, $0 Operating, $12,000; financing, $6,000 O Operating, $16,000; financing, $2,000 Operating, $0; financing, $18,000 Question 27 (3 points) Rating Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $230,000; Bonds Payable, $280,000; Capital Lease Liability, $50,000; and Deferred Income Tax Liability, $50,000. Total stockholders' equity was $500,000. The debt-to-equity ratio is 00.20 O 0.35 O 1.22 0.55