Question: Problem 14-8 Bonds; effective interest; partial period interest; financial statement effects [L014-2] The fiscal year ends December 31 for Lake Hamilton Development. To provide funding

Problem 14-8 Bonds; effective interest; partial period interest; financial statement effects [L014-2] The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LIHD issued 7% bonds mature October 31, 2038 (20 years). Interest is paid semiannually on April 30 and October 31 and is effective interest method. Required: 1. What amount of Interest expense related to the bonds will LHD report in its income statement fo 2. What amountis) related to the bonds will LHD report in its balance sheet at December 31, 20187 3. What amount of Interest expense related to the bonds ill LHD report in its income statement for the year ending December 3 . What amountis) related to the bonds will LHD report in its balance sheet at December 31, 2019? eterencesFor all requirements, Do not round your Intermediate calculation. Enter your answer in whole dollarns 2. Bonds payable MacBook Air 20 888 . 5 Q WE commandop ption command

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