12. On June 30, 2023, Rossi Company had outstanding 8%, P1,000,000 face amount 15-year bonds maturing on June 30, 2027. Interest payable on June 30 and December 31. The unamortized balance of bond discount on June 30, 2023 was 45,000. On June 30, 2023, Rossi acquired all of these bonds at 94 and retired them. What ne carrying amount should be used in computing gain or loss on this early extinguishment of debt? a. 990,000 b. 965,000 c. 955.000 d. 940,000 13. Bamboo Company has an incentive compensation plan under which the sales manager receives a bonus equal to 10 percent of the company's income after deductions for bonus. Income before bonus and income taxes is P143,000. The effective income tax rate is 25 percent. How much is the bonus? a. 34,000 b. 10,725 c. 14.300 d. 13,000 14. On July 1, 2023, Glad Corporation issued its 12% P5,000,000, ten- year bonds at a premium of P880.000. Each P1,000 bond had 5 detachable stock warrants eligible for the purchase of one share of Glad's P50 par value ordinary shares for P75. Immediately after the bonds were issued, Glad's 12% bonds excluding the warrants were selling at 110 while the warrants and the ordinary shares had quoted market values of P20 and P75 respectively. What amount of the bond issue proceeds should Glad record as an increase in stockholders' equity? a 500,000 b. 105,000 c. 490,000 d. 380,000