Assume that Tradinghouse. Inc., issued the bonds payable in Exhibit 15-6 (page 5911. Tradinghouse has extra cash and wishes to retire the bonds payable immediately after making the fifth semiannual interest payment. The bonds are quoted in the market at a price of 95. 1. What is Tradinghouse's carrying amount of the bonds payable on the retirement date? 2. How much cash must Tradinghouse pay to retire the bonds payable? 3. Compute Tradinghouse's gain or loss on the retirement of the bonds payable. What type of gain or loss is this? 4. Journalize Tradinghouse's transaction to retire the bonds payable.