Required a. What was Year 3 interest expense for Carb O' Nation? Interest expense in Year 3 (income statement) is \$ million. long-term debt, and (3) long-term debt. Estimat c. Approximately reconcile debt issuances and debt payments on the statement of cash flows to the change in ending debt balances on the balance sheet. - Note: Do not use negative signs with your answers. in debt on the cash flow statement: $ in debt on the balance sheet: $5,090 million. million. and carrying value of long-term debt indicate about the movement of interest rates between the time the debt was originally issued and December 31 of Year 3 ? Fair value of long-term debt on December 31 of Year 3: $ Carrying value of long-term debt on December 31 of Year 3: \$ million. r million. Because the fair value is carrying value, interest rates must have since the debt was originally issued. Refer to the recent financial statement excerpts of the Carb O' Nation Company (the Company) that follow and answer the following questions. Excerpts from the Carb O' Nation Company Consolidated Year 3 Statements of Income Excerpt from the Carb O' Nation Company Year 3 Consolidated Balance Sheets Excerpt from the Carb O' Nation Company Year 3 Consolidated Statements of Cash Flows