what amount if interest expense related to the bonds will Harris report in its income statement for the year ending December 31, 2021?

what amount(s) related to the bonds will Harris report in its balance sheet at December 31, 2021?

what amount of interest expense related to the bonds will Harris report in its income statement for the year ending December 31, 2022?

what amount(s) related to the bonds will Harris report in its balance sheet at December 31, 2022?

MR > SR 5% 10% 9% Discount In order to provide funding for its Accounting Lovers' Center project. Harris Development issued 9% bonds with a face amount of $520.000 on November 1, 2021. SR The bonds sold for $475,389, a price to yield the market rate of 10%. n=40 MR 9/2 i= 4.5 The bonds mature October 31, 2041 (20 years). Interest is paid semiannuall on April 30 and October 31 and is determined using the effective interest method. The fiscal year ends December 31 for Harris Development Required: 1. Prepare an amortization schedule through 4/30/24 and record any necessary journal entries from issuance of the bonds at 11/1/21 to 12/31/23. 4.5% FVXSR% CVX Mk+% 1 Date cash value interestexp Amort. Dlsc. Discount Bal. I carrying value 1121 44.611 475, 389 4/30/21 23,400 23,769 369 44.242 475,758 10/31/21 23,400 23,788 388 43.854_476,146 4/30/22 23.400 23,807 407 43, 447 471,533 10131/22 23,400 23,828 428 43,019 476, 961 448 42.571 477,409 470 42,101 4# 879 494 41,607 478, 373 475,389 DISC. BIP 44,611 520,000 41301a3 23,400 23,848 10131123 23,400 23,870 12/31/23 23,400 23,894 11/1121 cash 2. What amount of interest expense related to the bonds will Harris report in its income statement for the year ending December 31, 20212 10/31/21 +0 12131121 - 2 months 23788x =$7,929 interest Expense 3. What amount(s) related to the bonds will Harris report in its balance sheet at December 31, 20212 12. 2 -1417 Bond 4. What amount of interest expense related to the bonds will Harris report in its income statement for the year ending December 31, 2022? (23,18% - TO . 7943 5. What amount(s) related to the bonds will Harris report in its balance sheet at December 31, 20222 52000-200 4-448(216)