Problem:

On the last day of its fiscal year ending December 31, 2013, the Sedgwick & Reams (S&R) Glass Company completed two financing arrangements. The funds provided by these initiatives will allow the company to expand its operations. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

1. S&R issued 9% stated rate bonds with a face amount of $100 million. The bonds mature on December 31, 2033 (20 years). The market rate of interest for similar bond issues was 10% (5.0% semiannual rate). Interest is paid semiannually (4.5%) on June 30 and December 31, beginning on June 30, 2014.

2. The company leased two manufacturing facilities. Lease A requires 20 annual lease payments of $210,000 beginning on January 1, 2014. Lease B also is for 20 years, beginning January 1, 2014. Terms of the lease require 17 annual lease payments of $230,000 beginning on January 1, 2017. Generally accepted accounting principles require both leases to be recorded as liabilities for the present value of the scheduled payments. Assume that a 11% interest rate properly reflects the time value of money for the lease obligations.

Required:

Question: What amounts will appear in S&R's December 31, 2013, balance sheet for the bonds and for the leases?

Note: Please provide full description.