with solutions pls

PROBLEM 3 Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010. The bonds pays interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? On December 31, 2008, Nolte Co. is in financial difficulty and cannot pay a note due that day. It is a $600,000 note with $60,000 accrued interest payable to Piper, Inc. Piper agrees to accept from Nolte a building that has a fair value of $590,000, an original cost of $530,000, and accumulated depreciation of $130,000. 1. Nolte should recognize a gain or loss on the disposal of the building of 2. Nolte should recognize a gain on the settlement of the debt of