(Module 7 Question 2) Please answer all questions with a red X next to them. Thank you!

QUESTION 2 Not complete Mark 0.58 out of 1.00 Flag question Analyzing and Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., reports financial statements each December 31 and issues $400,000, 9%, 15-year bonds dated May 1, 2012, with interest payments on October 31 and April 30. Assuming the bonds are sold at par on May 1, 2012, complete the financial statement effects template to reflect the following events: (a) bond issuance, (b) the first semiannual interest payment, and (c) retirement of $200,000 of the bonds at 101 on November 1, 2012 Use negative signs with your answers, when appropriate Balance Sheet Noncash Contributed Earned Transaction Cash Asset Assets Liabilities Capital Capital 400,000 (18,000) (18,000) Income Statement Net Revenue Expenses Income Check