Required information The following information applies to the questions displayed below The Square Foot Gill,Ilnc. Issued $230,000 of 10-year, 6 percent bonds on July 1, Year 1, at 104. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization. b. Prepare the liabilities section of the balance sheet at the end of Year 1 and Year 2. (Amounts to be deducted shoul with minus sign.) d be indi SQUARE FOOT GRILL, INC Balance Sheet (Partial) As of December 31 Year 1 Year 2 Liabilities Net carrying value of bonds Total liabilities