REVISED PART #3: I provided all the context needed. That is all that I was given and I am giving it all to you as well. I honestly have no clue what other context you may need. Please let me know what context it is that you are looking for. I provided the question, the link to the question, and the page number.

REVISED PART 2: Here is the question I need help with. May someone please explain how and why they got these answers please. I don't understand.

"E14-20 Long-Term Debt Disclosure

At December 31, Year 1, Redmond Company has outstanding 3 long-term debt issues. The first is a $2,000,000 note payable which matures June 30, Year 4. The second is a $6,000,000 bond issue which matures September 30, Year 5. The third is a $12,500,000 sinking fund debenture with annual sinking fund payments of $2,500,000 in each of the years Year 3 through Year 6.

Instructions:

Prepare the required note disclosure for the long-term debt at December 31, Year 1.

At December 31, Year 1, disclosures would be as follows:

Maturities and sinking fund requirements on long-term debt are as follows:

Year 2 $ 0

Year 3 $2,500,000

Year 4 $4,500,000 (2,000,000 + 2,500,000)

Year 5 $8,500,000 (6,000,000 + 2,500,000)

Year 6 $2,500,000"

REVISED: I have included a link to the problem I have a question on. To be more specific, in the link I have provided, on page #44, E14-20 Long-Term Debt Disclosure, I would appreciate it if someone were to explain how they got the answers for "year 2-6" were found please.

May someone please explain how they got these answers please?

Link: https://www.coursehero.com/u/file/32638682/Ch14Long-TermLiabilities3ClassExercisepdf/justUnlocked=1#/doc/qa

Page #44

Thank you!