1. What is the carrying value of bonds payable at Dec. 31, 2020 before the redemption of bonds? 2. What is the carrying value of bonds payable at Dec. 31, 2020 after the redemption of bonds?

3. What is the loss on bond redemption? 4. Total Interest payment for 2020? 5. What is the bond interest expense for the year ended Dec. 31, 2020?

The following data were obtained from ESTHER COMPANY on December 31, 2020. 15%, 10-year, Bonds Payable, dated January 1, 2019. DEBIT CREDIT Php 1,172,044 BALANCE Php 1,172,044 Cash proceeds from issue on January 1, 2019, of 1,000, Php 1,000 bonds. The market rate of interest on the date of issue was 12%. Bond interest expense Cash paid June 30, 2020 Cash paid, December 31, 2020 Php 75,000 75,000 75,000 150,000 265,000 265,000 Redemption price and interest to date on 200 bonds permanently retired on December 31, 2020