A company issued 12% bonds, dated January 1 , with a face amount of $480 million on January 1, Year 1, for $429,149,088 - The bonds mature on December 31 , Year 10 (10 years) - For bonds of similar risk and maturity the market yield is 14% - Interest is paid semiannually on June 30 and December 31 Required: 1. What would be the net amount of the liability the company would report in its balance sheet at December 31 , Year 1 ? 2. What would be the amount related to the bonds that the company would report in its income statement for the year ended December 31 , Year 1 ? 3. What would be the amount(s) related to the bonds that the company would report in its statement of cash flows for the year ended December 31 , Year 1 ? Note: Round your answers to the nearest whole dollar