On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $163 million. • The bonds were priced at $143 million to yield 12%. • Interest is paid semiannually on June 30 and December 31. • Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2024? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 3 2024? 3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended Septen 30, 2024? In which section(s) should the amount(s) appear?

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that ba…