7.5 Accounting tor a Note Payable. Assume that on December 31,2013 , The Coca-Cola Company borrows money from a consortium of banks by issuing a $900 million promissory note. The note matures in four years on December 31,2017 , and pays 3% interest once a year on December 31 . The consortium transfers $867.331 million (rounded) to Coca-Cola, implying that the bank expects a 4% return on the note. a. Use the template below to show the financial statement effects of (1) the December 31 , 2013, issue, (2) the December 31, 2014, interest payment and interest expense accrual, and (3) the December 31,2015 , interest payment and interest expense accrual. b. Assume that events involving foreign operations have increased the risk of The Coca-Cola Company to the point where creditors expect a 5% return on the note as of December 31, 2015. What amounts would Coca-Cola report for long-term debt (1) on the face of its December 31,2015 , balance sheet and (2) in the notes to the financial statements? c. In addition to the information in Requirement b, assume that The Coca-Cola Company has chosen the fair value option for the reporting of this note. What amounts would Coca-Cola report for long-term debt (1) on the face of its December 31, 2015, balance sheet and (2) and on the income statement with respect to the note's fair value change