The fiscal year ends pecember $31$ for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued $7\%$

bonds with a face antount of $$510,000$ on November $1,2024.$ The bonds sold for $$459,529,$ a price to yield the market rate of $8\%.$ The

bonds mature October $31,2043(20$ years$).$ Interest is paid semiannually on April $30$ and October $31$ and is determined using the

effective interest method.

Required:

What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December $31,$

$2024?$

What amount$($s$)$ related to the bonds will LHD report in its balance sheet at December $31,2024?$

What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December $31,$

$2025?$

What amount$($s$)$ related to the bonds will LHD report in its balance sheet at December $31,2025?$

Note: For all requirements, do not round your intermediate calculations. Enter your answers in whole dollars.