CP$10-4($Algo$)$ Comparing Bonds Issued at Par, Discount, and Premium $[$LO $10-3]$

Sikes Corporation, whose annual accounting period ends on December $31,$ issued the following bonds:

Date of bonds: January $1,2021$

Maturity amount and date: $$280,000$ due in $10$ years $($December $31,2030)$

Interest: $10$ percent per year payable each December $31$

Date issued: January $1,2021$

Required:

For each of the three independent cases that follow, provide the amounts to be reported on the January $1,2021,$ financial statements immediately after the bonds are issued. TIP: See Exhibit $10\mathrm{.}6$ for an illustration distinguishing Bonds Payable from their carrying value. $($Deductions should be indicated by a minus sign.$)$

$\backslash$table$[[$January $1,2021-$Financial statements:,$\backslash$table$[[$Case A$],[($At $100)]],\backslash$table$[[$Case B$],[($At $95)]],\backslash$table$[[$Case C$],[($At $103)]]],[$a$.$ Bonds payable,$$,280,000,$$$,280,000,$$$,280,000],[$b$.$ Unamortized premium $($or discount$),,0,,,,],[$c$.$ Carrying value,$$,280,000,,,,]]$