Requireda. Organize the class into three sections and divide each section into g

Requireda. Organize the class into three sections and divide each section into groups of three to five students. Assign each of the sections one of the companies.Group Tasks(1) Compute the following amounts for your company (use straight-line amortization):(a) Cash proceeds from the bond issue.(b) Interest paid in 2012.(c) Interest expense for 2012.(2) Prepare the liabilities section of the balance sheet as of December 31 2012.Class Discussionb. Have a representative of each section put the liabilities section for its company on the board.c. Is the amount of interest expense different for the three companies? Why or why not?d. Is the amount of interest paid different for each of the companies? Why or why not?e. Is the amount of total liabilities different for each of the companies? Why or why not?