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Can someone please show me a step by step solution on how this is done?...

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Accounting

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Can someone please show me a step by step solution on how this is done? Thanks.

On January 1, 20x0, a publicly accountable entity issued $25,000,000 of 10 year 5% bonds, interest payment dates are June 30 and December 31. The bonds were issued to yield 4.7%. Assuming the entity uses the indirect method to present cash flow from operations, what is the adjustment made to net income relating to the bonds for the year ended December 31, 20x5? Select one: a. Reduction of $70,474 O b. Add back $70,474 c. Add back $73,783 d. Reduction of $73,783

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