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Sheffield Corporation sold $2,900,000,896,5 year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on lanuary 1 . Sheffield

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Sheffield Corporation sold $2,900,000,896,5 year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on lanuary 1 . Sheffield Corporation uses the straight-line method to amortize bond premium or discount. (2) Show the balance sheet presentation for the bond issue at December 31,2022 , using the 99 selling price

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