Southlake corporation issued $900,000 f 8% bonds on March 1, 20X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow.
Case A - bonds issue at 100
Case B - bonds issue at 96
Case C - bonds issued at 105
Cash flow on the issuance date
Total cash outcome over the life of the bond issue
Interest expense for the year ended December 31, 20X1

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