Question: Solve the ones I got wrong please. Problem 14-8 Bonds; effective interest partial period Interest financial statement effects (L014-2) 4. e fiscal year ends December
Problem 14-8 Bonds; effective interest partial period Interest financial statement effects (L014-2) 4. e fiscal year ends December 31 for Lake Hamilton Development. To provlde funding for its Moonlight Bay project, LHD Issued 7% bonds with a face amount of $660,000 on November 1, 2018. The bonds sold f $5 4 4, a price toy d the market ate of 8% The bonds mature October 31, 2038 (20 years), Interest is paid semlannually on April 30 and October 31 and is determined using the effective interest method. 0.95/1.89 points awarded ScoredRequired: 1. What amount of Interest expense related to the bonds willLHD report in its Income statement for the year ending December 31, 20187 2. What amountis) related to the bonds willLHD report in its balence sheet at December 31, 2018? 3. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 4. What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2019? (For all requirements, Do not round your Intermediate calculation. Enter your answer In whole dollars) 7,700 MacBook Air
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