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Volta Desalination Ltd. needed to raise $156,000,000 of additional capital to finance the design, development, and construction of its water desalination facility. Volta decided to
Volta Desalination Ltd. needed to raise $156,000,000 of additional capital to finance the design, development, and construction of its water desalination facility. Volta decided to issue bonds that pay interest of $2,340,000 on each of March 31 and September 30 and that will reach maturity on September 30, 2033. The bonds were issued at 94.4 on October 1, 2020, for $147,264,000, which represented a yield of 3.54%. Assuming Volta Desalination has a year end of December 31, what amount will be reported on the statement of financial position at December 31, 2020, related to these bonds? (Round answers to decimal places, e.g. 125.) Notes Payable $ $
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