QUESTION 3 On January 1, 2021, Mackinac Co issued $800,000 of its 20 year, 8% bonds. The bonds were priced to yield 10% interest is paid semi-annually on 6/30 and 12/31 Mackinac records interest expense at the effective rate and elected the option to report the bonds at FMV On December 31, the bonds have a FMV of 5668,000 as determined by their fair market value in the OTC market General crisk free interest rates didn't change through 2021. Question. What is the impact on Other Comprehensive Income when the FMV is recorded? QUESTION 40 Bohannon Corporation owned 10,000 shares of Hunter Corporation. These shares were purchased in 2017 for $90,000. On November 15, 2021. Bohannon declared a property dividend of one share of Hunter for every ten shares of Bohannon held by a stockholder. On that date, when the market price of Hunter was $28 per share there were 90,000 shares of Bahannan outstanding. What is the impact on earnings if any from this property dividend (including entries to prepare for the dividend)? 90.000 QUESTION 41 What is the impact on Retained Earnings if any from this property dividend