what amounts will appear in S and R's December 31, 2021 balance sheet for the bonds and for the leases?
On the last day of its fiscal year ending December 31, 2021, the Sedgwick & Reams (S&R) Glass Company completed two financing arrangements. The funds provided by these Initiatives will allow the company to expand its operations. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $i and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. S&R issued 8% stated rate bonds with a face amount of $115 million. The bonds mature on December 31, 2041 (20 years). The market rate of interest for similar bond issues was 9% (4.5% semiannual rate). Interest is paid semiannually (4.0%) on June 30 and December 31, beginning on June 30, 2022. 2. The company leased two manufacturing facilities. Lease A requires 20 annual lease payments of $350,000 beginning on January 1, 2022. Lease B also is for 20 years, beginning January 1, 2022. Terms of the lease require 17 annual lease payments of $370,000 beginning on January 1, 2025. Generally accepted accounting principles require both leases to be recorded as liabilities for the present value of the scheduled payments. Assume that a 10% interest rate properly reflects the time value of money for the lease obligations Required: What amounts will appear in S&R's December 31, 2021, balance sheet for the bonds and for the leases? (Enter your answers in whole dollars. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Bond liability Lease A liability Lease B liability TABLE 1 Future Value of $1 FV - 5110 6.04 709 3.09 9.0% 10.09 1 11000 LO 10 1.54 2015 30 3.59 404 45 SON 5.59 1101000 10000 100000 10200 101000 10500 104000 10400 105000 105500 10000 10000 10500 1000 107123 1.00160109209 110250 1303 10000 10458610421 107609 109 110572 117406114117 115763 1170 4 1 0400006136 0411038112551114752116986 1.19259 121551 10101 0110113141 1992 11700 121065 1.24018177638 0 3009 130000 144000 107000 1.14.490 172506 1.06000 112160 119107 126345 LO8000 1.16640 125971 136019 14003 109000 1.18610 120503 141151 151862 13000 15 t. 1.57 31000 133100 146410 16101 17.00 SI 131030 140255 27500 24 14182 1 50073 1.5668 20 100157109 112016 1159 119105 1.22926 1.26532 13022613401017 7107114 11094 114869 1880 122957127226 131593 13606 14071014546 108736 11150 1166 111540 126677131681 1.30557 142210 147746 1.55469 109 110 1199 134856 130477 1.36290 1.42351 145610155133 141909 10 1.10462110054 11 2005 1.34392 1 41060 148024 1.55297 1698 70614 150363 159385 1.60571 171819 163846 196715 167710 1. 199256 2.17189 9.36736 17 1 89093 1.99900 215892 177156 00 14 307610 214559 20451 235795 2:55 2.59374 49903 10 26756 2.77300 31378 1.68948 179085 6.1917 2.58043 315170 7. 11111567 11729 128 131209 135433 145997 1.53945 162285171034 10309 122 1120 1195621260 1.389142576 151107 160103 169588 279586 1.90121 13 1309 121355 129361 13751 146853 156396 166507 177220 1885652-00577 14 1.1497 133176 131955 141297 151359 161869 173168 185194 197293 211609 15 110097 33033 134587 1.4430 1.55797 1.67535 1 80094 1.93526 2.07893 22948 3.1998 189830 210485 201220 225219 2.13793 2.40985 2.76090 2.37853 2.39656 275903 2.33164 251817 2.71962 2.93719 3.17217 285312 311545 345227 2.81266 3,06580 3.34173 436349 91610 TO 1990 12.1.1978 154 33831 31041 4459 179750 3.64245417725 54735 850004 16 117255 119 372 145251100471 1.73399 1.87298 2.02237 2.18.287 235505 12 113450 1200 14000 152162 163 179461 1.94790 2.11338 2.29202 245480 111106151307415906 17033185709209562 2.018340562 262147 19 LORI 1.330 151 152 175351 1932:50 21068523073622095 2.7565 20122019 1.466 149 16386316061119979219112 241171 265330 291776 2211 254035 2.95210 269277 3.15882 25434 3.37993 303560 os 320714 3.6 5310 SO 6565 34259497031 459497 3.70002432163505 3.99602471713559993 431570 5.14166 1191 466096560441 67270 31 170 21 123339 1.36708231569 1679 16029 203043 22771252024 2.78596 3.07853 3.39956 414056 SON 6.105 1403 46 BOS 25 18 159 160 15209378236334 2.60584 3.0054 1.38635 339 429187 342743 634845 162508 10.534 1354000000 95.1 301 1560 36 20977 242726 2.80679 334340 174592412191 4995 5.74349 7.61226 1000266 13.26768 17.40940 903093 40 1450 114022000 2.08506526204 39592640125.81616 703999 351331 10.28572 14.97446 21724523140942252262205092 6977160 TABLE 2 Present Value of $1 $1 PV (1+0) ST 1.045 15 2.04 2.594 3.09 3.59 4.096 5.0% 5.54 6.09 7,09 8.0% 9.09 10.09 12.09 20.04 1099010 0.90522 098039 097561 0.97087 096615 096154 095094 0.95238 0.94787 0.94340 093458 092597 0.91743 0.90909 0.90000019286 083333 20.98630 097066 0.96117 095181 0.94260 093351 092456 091573: 0.90703 0.89845 019000 0.87344 085734 0.84165 0.32615 0.8116 0.7919 30.97059 095032094232 092560091514 0.90191 0.88900087630 086384 015161 083962 081630 079353 077218 075131 073119 0711707370 40,96098 0918 0.93385 0.90593085349 087144 085480 083856 082270 080722 0.79209 076290 0.73503 070543 068301 065873 063552 0.41035 5095147 0.92826 090573 088385 0.86261 084197 082193 0.80245 0.78353 076513 0.74726 071299 060 064993 062092 0.39345 0.5673 OMOTES 6 0.94205 091454 0.88797 0.86230 0.83745 0.31350079031 0.78790 0.74622 0.7252510406 0.66634 0.63017 0.59627 0.56447 0.53464 0.50643 3540 7093772 090103 087056 0,84127 081309 07859 075992 073483 0.71068 068744 0.66506 0.62275 053349054703 0.51316 045166 0.4523521908 $0.92548 080771 08539 0.82075 0.78941 075941 073069 070319 067684 065160 062741 0.58201054027 050187 0.46651 0.43393040381 023353 909144 087459033876 080073 0.76542 073373 0.70259 0.67290 0.61461 0.0176359190 0.54193 050025 0.46013 0:42410 039092 0.36061 0.1938 10090539 016167 082035 0.78.20 0.74109 070892 0.67556 06439 061391 058543 55839 050835 046319 0.42241 038554 035213 0.32197 016351 II 0.89633 0.548950.80426 0.76214 0.72242 0.65495 0.64958 0.61620 058468 0.55491 0.53679 0.47509 0.42858 0.38753 0.35049 0.31725 0.2545 15459 12 0.68745 0.83639 0.78519 0.74356 0.70138 066178 062460 58966 035684 0.52598 049697 44401039711 035553 0186 028584 0.25668 0.11216 10.766 02403 0.77303 072542 068095 0.63940000057 056427 053032 0.49856 0.40884041196 0.36770 012618 0.28966025751 0.23917099346 14 0.16996 0.8116 0.75788 070773 0.66112 061778 0.5774 0.53997 050507047257 0.44230 0.38782 034046 0.19925 0.263330-33199 0.70162 GOTTES 15 0.86135 0.7998 0.74301 069047 064186 059689055526 0.51072 0.481002 0.4479% 0.41727 036245 031524 0.27454 023939 020900 0.7 0.05491 E 16 0.85381 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.455 42458 0.39365 0.33873 0.29189 0.25187 021763 025829 0.16312 0.05409 17 0.5431 077639 071416 065720 060502 0.55720 0.51337 047318 0.43630 040245 037136 0.31651 0.27027 023107 019784 016963 6.1456+ 0.04507 11 0.53602 076191 070016 0.04117 058739 053836 049363045280 041552 038147 035034029586 025025031199 0.17986 0:15202 0.1300+ 0.03756 19022774 0.75361 0.68643 0.62553 0.57029 052016 0.47454 0.43330 39573 0.36158 031051 0.27651 023171 019449 0.16551 0.13768011611 001110 20031954 074247 067292 0.61027 055368 0 50257 045639 0.41464 037689 0.34273 0.31180 0.25842 0.21455 017343 0.14864 013403 0.10367 0.0000 OTO TO 210.81143 0.731.50 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.02486 0.29416 0.34151 0.19866 0.16370 01513 10174 0.09256 0.03174 24 0.78757 069954 062172 0.55288 0.49193 043796 039012 0.34770 0.31007 27606 0.409 0.19715 0157700 1.26-100 10153 000170 0.003 01 077977 06892106095305399 0.47761 043315 037512 033273 029530 0.26223 0.23300015435 014603 0.11597 0.09230 0011010055 0.00045 25 0,75654 065910 057417 050031 043708 0.3165 033348 0.29157 0 25509 0.22332 0.19563 0.15040 011591 0.0955000934 005383 0.04187 0.0000 19 0.74914 0.61936 056311 043866 0.43435 3087532065 0.27902 0.24295 0.211681156 0.14056 0.10733 0.0101500304 0015900000506 SOLO: 30 0.74192 0.61976 0.55207 0.47674 0.41199 03562 0.30832 0.26700 0.25% 0.10064 0.1741113137 0.0093 0.07537 0.05731 0.04345 0.000 0.00411 31 0.73458 06031 0.5412546511 0.19999 034423 0.29616 025550023036 0.19018 0165 0.1271 0.0320300000571000393 0029850000351 10 067165 0.55136 0419 037241 010056 025257 020819 0.17195 014305 01146 0.0073 006678 004603 001154 0039 00153 00101000068 B TABLE Future Value of an ordinary Annuity of $1 FVA ( 1-1 1 3.04 3.544 404 3.04 6.04 7.00 3.04 9046 100 1 10000 10000 00001 4.59 10000 20450 00001 11.09 10000 12.04 10000 00001 10000 2014 16000 10000 20350 10750 2 3 L 1:34 2. 10000 19000 10000 201502000 3.0301 30453 3.0004 4.0004 00 1310 51520 5.2010 5.59 10000 20550 1680 20300 10000 20700 10000 1000 3000 2015020100 3.1062 31216 3.0909 3.246 TERCE 21750 + 10000 30900 3.27 4571 5.96 3.1370 4270 SOGO 20500 3.1525 4.3101 5.5256 20000 3.1836 434 56371 3.7149 40399 CEST 33100 46410 45001 6709 3.1000 5400 500 7410 5 0101 52563 5.3091 3.1635 5.4163 LOCS 4719 6330 55811 S7507 6.1051 1858 75233 7.9129 200 WETE . 10 296 63051 6.3577 6.4654 6.5502 66130 6.7169 7 7035 13230 741 7.5474 26695 77794 7 3.0192 5810 37351 9051792142 93800 9 93 5593 9.7546 99565 10 1591 10.3635 10.5825 10 3021 10 10:42 107027 10 7 11 304 124639117114 12006112282 6.801 81470 1009 95491 97216 110266 112563 12.57 12.0754 69753 7.153 3938 16560 9.1975 102593 11.913 11 9730 13.1808 7.3359 9021 10.6360 124576 14666 7,7156 9-4573 114359 135795 139374 9.2004 11025 13.0210 15.1999 16991 31153 1000 12.1997 147757 17:54 7833 11 8596 141540 16.7720 5 LE 18.5614 321504 11.5668 11.633 12.1687 12.4835 12.078 1.1420 13.4564 13.8412 11 12 1302 13:4121 13.7956 141920 145020 150058154640 1 100 14256615140415 617 16:1130 16.648 17.1599 14 14944 154504 15.9799 165190 17.0861 17.6770 18291918.9371 15 60969 121 17.2934 179319 18.5989 19.2957 200236 20.7541 142065 145835 159171 36 3856 17.7130133868 19-593 20 936 21 573 32 4057 149716 15.736 16.6455 1669 1785 18 9771 20.106 210151 225505 23.2760 23.1990 27 1521 17.560318.5312 20140713343 229534 260192 ISEER 10) 2002 263116 30 09:19 280 29 3609 31.7735 SORTE 150 33.0014 5.9497 our 42.7333 37.641 23.6575 358404 246411 269964 . 30.3341 337502 174503 41.500 16 17.2579 179334 18.6993 19,302 20:1569 20.9710 2.8245 22.7193 174304 19:3014 300121201647 217616 27050 230975 2014 18 19-6147 204194 1412122363 23414424499735.6454 268551 1930100219720630460 1169 26.3572 29671290036 20220190231337342994 25.547 268704 25279197 31 3714 105.300 25.6725 27.5581 232129 30.5402 30.9057 3329990 33.7600 37 3790 56.7856 40 9955 PETIC 0666 5992 LASS 36 977 413011 160115 511001 41465 5699 60 10 539021027 370060 38.500 31.1591 57750 15400 156550 ( 45.7620 640 LONGIS STOT a1 13344705 25.7833 27.1333 2,6765 30,3695 3. 33.73 35.7193 3.7561 30.097 504929 72.181 304 37 87 00 13.90374757451 692756059 610071 72.4355 9465011132132136 015166901900042 T18 404543679 0040206740673.401314550395.0255 107.000 1307998136.6056 154.7620 199.6351 359.0565126759567670147348 ABLE & Present Value of an ordinary Annuity of S1 1 VA 1 3.04 409 50 60 7.01 SU 6 254 0971 10667 0903 GEOSEB 097087 1995 606154 169560 0.95238 093456 10.06 093593 0.100.000 1.75911 1912 1912 O PODECO 107040 19150 191347 COLORI SUAI OLIC 119969 200104 1670 1.67207 2.74896 3. 094787 12 2.69793 3.30515 42 1 272509 36290 0960 1039 287101 346511 421230 - 390191 BTL LLOBE 26197 ESZESE TERE LE 3.170 457971 3.4995 422943 31213 3279723105107351 1997199817907910350 472355 4340 SOSIS 4653 438998 ME 410000 96 . 5.60149 3.34314 TELA 476654 S.1977 519270 LS 8. OSTON 5600 47130 731540 1674 5.41710 621031 2.17014701900 7.970 773611 8.75205 153000 6.00305 6.73274 743539 1100 6696 760700 131661 507509 1995 S6093 6334576.2009 7. 10782 695220 610169 772173 753709 710009 3005 46738 443 436536 M 4114 11 5100 5.7661 SSHD2513491 3.1412496764 10 669 399515 5.75025537053054 6710046417 61445703 3.92130 051523 7021 7.76879 791272 DOCES 10 74947 74. LOSIC 6 ST VERS II 1.6 10.07.11 9.14 9.35361 7004 2193 30641 309250 11 10 907511057534 1035776995100 9,113 161852 11211753 37 10.90319 10.61490 10.30274 9.9856 00385 2:39337 9. 1170 15208 118007025438110635 110 11290710930521056312 10.32283 1955 958985 1998 113300 13302125026 1338 114 115111111111073955 1037966100978 9122 LES SOS 7.1396 751001 790170 324424 5591 4.30919.49506 6.300333770 4.330 7.10073 60130069116611 7.45000 71033664907622 778515 710067 85 600 700 750 DE SE LO NO 1 8.7441 9.101 16 BITNY 1415136 137 13.06500 12.54110 12.00413 11.653.30 11.23402 10.88777 10.46 10.10500 9.44665 18517 4.1256 782371 67100476 12 1550 149076 14.29187 132229 1316611 1765133 1210567 11 0719 11.23471056461 1047726 . 516320 1114 54383 07155 754 711905 70 In 15.67256 031435356 157535113.96 12659301215999 11699 1124609 10 100 100590997897553 7014112801 1 110 10.2001 1567640 14.97689 323001370054 11134 1359129 13083311.60706111513 10.13500 60360950113610071 10 17.10664 163518 15:59916 1417247 H1100 1159013 13.00794 1746221 1195033 11 1059801 9815125130505337004 L ! EL GITT OR 41 LISTE TS SI ETICHET 21 17.00014 17.011316184551541500 1477 14.02936 13.40472 12.115 11.27534 11.7600 10.83583 10.01680 9.29234 500 57 1361004 02116 01193348 1017413151645151 1567308 1438 1438 134139127513811106478 90907704 17 30 00153 093009 19.6004 1305 17.29301 1010 15:1735 1453375 1976 12400 1135778 102 cm 10551 4029913735548 23 10273231547 213550 19.797 1640158 1713 16.04612150 111111133661102576 59510400 LES Future Value of Annuity Due of $1 AD --[i-c vil [] NE 11 SUOT 500 605 704 9.04 10.04 STI SEL 00101 OSOT. OOSOL 10100 OSCO LOR 00011 15100 0001 1000 3.1370 100 21062 32149 259 1 10150 10300 10250 30 100 3 20756 3 30604 13.1210 31533 . 10 1 $S3536 1.1001 53872 10500 31525 33101 10700 2219 11000 26100 20909 3.1030 10000 21:36 3316 23 5.59 1 2 1610 33433 4.5811 SARI 14 15061 21716 3.345 44163 56530 LOG 23100 3.6410 51011 67150 1000 5.10 43091 SEVE OSET 44707 5 7100 49541 613 55502 ISBON 3.925 SEE 70192 TLNH 16 7921 9616 CHEE 15 433064343 45474 6.6625 6.774 6.3935 13 761 753077361 7.8973 30517 9545 9.1591 6958 37 10 2054 104639 107314 110051 101050105613111657 11435 11.07 12.1430 12.4564 7.1420 7.2660 9.3938 1.5491 7310 1975 100266 10.3503104 113779 118754 12.1006 13.2008 13.5835 13 9716 9021 12 12412 76540 250 189730 125164 147836 114820 1.2004 10.0285 12.0310 14. 1930 16 5603 104959 12.995 14.9374 17.5312 B. 9.00 100 13.16 13 16.5 18 5614 540 136 156455 20.143 21.733 11100 120012 124121 12.7954 13.1920 11.6020140758 14.4540 112132363 11601 14 1404 14.6178 15.10 15 6300 161599 111311414454 147 155190 16.036 166710 17.2919 17901 15000 150 1616119 1750 15.3959 190356 197541 15 16 17 18 19.150 12.971020345 21 GOTERIER 14.0171 1.350 16 7130 172161 18 , 305766 114037 26535280011 15. 1721 20.0151 12.00 16 1910 315503 179771 19.1407 204953 219530 33149350192 161531 28.3609 203343 33.0014 23.37 269750 2004 TU031 SELLOS LOPE LEES 19.5449 OSIP LUP 29.5403 32 16:3790 32.7501 18.4503 104.10 13 16 17.434 15.2014 13.00 19.5647 20.7616 21.00 11.00 15.7417 34.3404 25.994 292120 17186541 1940 194133 21.0224144 33499734645435891371384 284812 299057 11100013946034110953577366712 30010 11027 22.000 101011029734542 25.704 272792177 33.865 35.750 2014 2015 77.6765 290 300 327011 193 319927 101013 44992 30.1391 56250 001 SEE 4.7620 OTO 0.1601 55.7045 505 19:4219 SCO0.19 71 STONE LOLET HE C 0995 ES 2125416 14176.36.2990 27 3029 29.5305 31.330 3340 35.3034 37.5053 30.8643 42.3935 43.0057 54450 61.1733 70.4021 25356514025709350117 75530 403213117 165706 50 Ess 51564 676765 9321240108 INS 15 305141375000 49.0027 53.4395583333 69 7000 78.4194 30171010730132459 1483752 100 904 305 306 3579 1937551000777663357505 95165 3467 136 139 14.1189 164.04772160279710009196.5*10 LE 6 Present Value of an Annuity Due of $1 PVAD *(1+0) +t) 1 2843 3044 SE 3.544 4044 5.09 74 9.046 20 100000 8.046 100000 1 1 000001 100000 100000 000001 339 100000 1947 1.00000 195694 100000 100000 191749 1.96018 190154 1.94340 100000 1.90101962 97000 190 391330 490191 455433 S. 100000 1.92593 2786 357710 1211 1.00000 1 00000 1.97561 1907 291347 15602382561 476197 471710 10.04 11.04 12.04 100000 100000 100000 1.00000 190909 1.90000 11956 113333 2.73554271352269005232775 346 346371140155110041 41000 49087405733 5573 294156 287267 2000 2.89909 3.10164 46730 253609 3.77500 25941 373335 . 3.7490 369793 283319 3.67101 446511 CERE 275911 3.53129 421972 E 4.67990 458738 454595 SICOS 438731 CENSE 6 354 64 SOSTS CRISS DORES 5.46 66014) S.57971 6:41719 521256 591232 5.10020 5.76054 607509 3.48593 603295 747199 720020 HETES 307038 599553 668097 73457 220 BERED 6328556.34214 6.15787 711454 7.00205 659270 787390 7.73274 759589 86078943533836879 7.1919 317014 9707 6.71637 746321 165100 4.79079 4.60500 4.60478 3390061 535536 2005 S11133551 5.080 5.712203.56376460459 63493614612596754 625902851705 63 303001 403 16 110 60637 6.74664 360 1991 101909 BOLI CHES 730929 730100 to HOUSE 9.16724 3 107 699433 1.01358 49507 6 1491501033118 9.98150 9.78306 9.53030 93161 9.1100 01272 3.72173 8.53783 3.36000 1150701110111110.75665 10 51421 10.35262 10 00155 9.1604 95293 910041 9.09254 118007 1135508 11.907111575341125776 1095400 1066333 10.383011011155 94313 9.61837 14 111 27151123431 11 11.6341 1110274 10 0856510610.1997 10.11708 28538 15000 1 0131002513 op 12.2007 11 92057 11 56131220 10.904 105 1039 7.71000 741766 10 70519 153 10023 90378 48690 PRESES GO 7.14457 6.88935 65033 19347 7A9500 720051 30532700 761367492301437 4392 110336 0714215552 3.36087187 TOY SEGONS ESSERE E 9.35765 9447 STOLE I SOME LA 6 16 1 033 13.506 13.3 13.93704 12.51741 12.09 179 10.37966 11.6378 10.71225 10.10791 9.55945 151515176 147710500 1156110 1011205210 122502 11 11 40216 11 1090 104005 9.65117 16 157 15 97671471820 1416012170511131050/1270719 122707 1186461 114773610763211012164 TT 16677801535536 1475351 14 1903 1365950 119 12049591224007 11 270010909 1037119 30180124361) 166714615 979 132300 1470934 13104 359129 130 12.60705 12.15112 1133500 10 6000 3.6060 07 2.1056 849 11256 679710070 54307 0151163763 OSS 11 I BETES 101 THOS 5011 SU 31 19.458 18.164 1735143 16.506 13.87347 1521240 1.59031 14.00794 13.46331 12.950 13.40092 11.5401 10.NINIS 10.131559.51356 1.96311 444 05 130910900 1901 TO 1793554 170583716240901549548 14796414151701335056 1240013113876 10 70661 4059371 30140814535530110357 17.9071170111614107131310 14590731327781215541 210 tot 00452301587333210350305341 19.72966 101704 169760159490214200951257858 1177552 107568601562 1305500 COTE CH
