Show me the steps to solve Digital Telephony issued $10\%$ bonds, dated January $1,$ with a face amount of $$38$ million on January $1,2024.$ The bonds mature in $2034$

$(10$ years$).$ For bonds of similar risk and maturity the market yield is $16\%.$ Interest is paid semiannually on June $30$ and December $31.$

Digital recorded the issue as follows:

Note: Use appropriate factor$($s$)$ from the tables provided. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Digital also leased switching equipment to Midsouth Communications, Incorporated on September $30,2024.$ Digital purchased the

equipment from MDS Corporation at a cost of $$12$ million. The five$-$year lease agreement calls for Midsouth to make quarterly lease

payments of $$849,020,$ payable each September $30,$ December $31,$ March $31,$ and June $30,$ with the first payment on September $30,$

Digital's implicit interest rate is $16\%.$

Required:

What would be the amount$($s$)$ related to the bonds that Digital would report in its statement of cash flows for the year ended

December $31,2024,$ under the direct method?

What would be the amounts related to the lease that Midsouth would report in its statement of cash flows for the year ended

December $31,2024,$ under the direct method?

What would be the amounts related to the lease that Digital would report in its statement of cash flows for the year ended

December $31,2024,$ under the direct method?

Assume MDS manufactured the equipment at a cost of $$11$ million and that Midsouth leased the equipment directly from MDS$.$

What would be the amounts related to the lease that MDS would report in its statement of cash flows for the year ended

December $31,2024?$

Note: Do not round intermediate calculations. Enter your answers in whole dollars. List cash outflows as negative amounts.