Exercise 14-20 At December 31, 2017, Sunland Company has outstanding three long-term debt issues. The first...

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Exercise 14-20 At December 31, 2017, Sunland Company has outstanding three long-term debt issues. The first is a $2,120,000 n

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Answer 1

Answer #1

ANSWER:

Year	Long term Debt	Working
2018	0
2019	$2,648,000
2020	$4,768,000	($2,648,000+2,120,000)
2021	$8,668,000	($2,648,000+6,020,000)
2022	$2,648,000

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