Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $300,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5 for an illustration distinguishing Bonds Payable from their carrying value. (Deductions should be indicated by a minus sign.) Answer is complete but not entirely correct. Case A Case B Case C January 1, 2018-Financial statements: (At 100) (At 97) (At 101) a. Bonds payable $ 100,000 100,000 $ 100,000 b. Unamortized premium (or discount) 0 (6,624) X 7,260 C. Carrying value $ 100,000 $ 93,376 $ 107,260 x