Question: =+PR 14-2A Bond discount, entries for bonds payable transactions obj. 3 3. $2,008,143 The following data were taken from recent annual reports of Southwest

=+PR 14-2A Bond discount, entries for bonds payable transactions obj. 3

✔ 3. $2,008,143 The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States.

Current Year Preceding Year Interest expense $ 56,000,000 $ 60,000,000 Income before income tax 325,000,000 450,000,000

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