Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet E14.8B (L0 1) (Determine Proper Amounts in Account Balances) Presented below are three independent situations.

(a) Snider Corporation incurred the following costs in connection with the issuance of bonds: (1) printing and engraving costs $40,000; (2) legal fees $120,000, and (3) commissions paid to underwriter $320,000. What amount should be reported as Unamortized Bond Issue Costs, and where should this amount be reported on the balance sheet?\

(b) Banks Co. sold $5,000,000 of 6%, 10-year bonds at 104 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Banks uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2020, and December 31, 2020.

(c) Cey Inc. issued $1,000,000 of 10%, 10-year bonds on June 30, 2020, for $885,296. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Cey uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2020