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The Healdsburg Company disclosed the following in its financial statements' notes for the year ended December 31,2022 : Debt. The following table summarizes the long-term

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The Healdsburg Company disclosed the following in its financial statements' notes for the year ended December 31,2022 : Debt. The following table summarizes the long-term debt of the Company at December 31,2022 . All of the notes were originally issued at their face (maturity) value and have been gradually repaid over time so that these amounts are the remaining balances on this date. Required: Assuming that the notes pay interest annually and mature on December 31 of the respective years, determine the following: (20 points) A) The Statement of Cash Flow disclosure(s) for the 2023 interest payments. B) Suppose that Healdsburg enters into a sales contract with an auto manufacturer on January 2, 2024, to provide tires that cost Healdsburg $18 million to produce. The buyer offers Healdsburg $6 million in cash and agrees to take over only the principal payment on Healdsburg's 6.55% debt notes. Assume that the going market interest is 8% at the time. What would Healdsburg's gross profit be on the sale? C) Suppose that Healdsburg wants to pay off the 7.75% notes on December 31,2025 , when the market interest rate is 6%, thereby retiring the debt. How would the company report the retirement in its income statement for the year ended December 31, 2025

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