(Solved): E 10-5 Bonds; issuance; effective interest; financial statement effects LO10-2 Myriad Solutions Ltd ...

E 10-5 Bonds; issuance; effective interest; financial statement effects LO10-2 Myriad Solutions Ltd issued 10% bonds, dated January 1, with a principal amount of

million on January 1, 2022 for

. The bonds mature in 2032 ( 10 years). For bonds of similar risk and maturity, the market yield is

. Interest is paid semiannually on June 30 and December 31. Required: What would be the net amount of the liability Myriad would report in its statement of financial position at December 31, 2022? What would be the amount related to the bonds that Myriad would report in its income statement for the year ended December 31. 2022? What would be the amount(s) related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2022?