P$13\mathrm{.}10$B $($LO $1,2,4)($Comprehensive Problem: Issuance, Classification, Reporting$)$ Presented

below are four independent situations. Round amounts to the nearest dollar.

a$.$ On May $1,2026,$ Lauderdale Co$.$ issued at $105$ plus accrued interest $$2,000,000,8\%$ bonds. The

bonds are dated January $1,2026,$ and pay interest semiannually on July $1$ and January $1.$ Compute

the net amount of cash received by Lauderdale Co$.$ as a result of the issuance of these bonds.

b$.$ On January $1,2025,$ Fort Co$.$ issued $6\%$ bonds with a face value of $$800,000$ for $$692,639$ to yield

$8\%.$ The bonds are dated January $1,2025,$ and pay interest annually. What amount is reported

for interest expense in $2025$ related to these bonds, assuming that Fort used the effective$-$interest

method for amortizing bond premiums and discounts?

c$.$ Lauderhill Co$.$ has a number of long$-$term bonds outstanding at December $31,2025.$ These long$-$

term bonds have the following sinking fund requirements and maturities for the next $6$ years:

Indicate how this information should be reported in the financial statements at December $31,2025.$

d$.$ In the long$-$term debt structure of Pompano Inc., the following three bonds were reported: mortgage

bonds payable $$6,000,000$; unsecured serial bonds payable $$4,000,000$; bonds maturing in install$-$

ments, secured by investments of $$2,000,000.$ Determine the total amount, if any, of debenture

bonds outstanding.