How much gain or loss on retirement will be reported

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On January 1, Sugarland Company issued $355,000 of 6%, 3-year bonds when the market rate of interest was 10%. The bonds pay interest semiannually on June 30 and December 31.

How do I find the proceeds that they will receive on the issue date of the bonds?

How do I amortize a table for the bond issue.

If the bonds are retired at the end of Year 2 at 104.5% of the maturity value, how much gain or loss on retirement will be reported?

Reference no: EM132203746

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