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13. Jent Corp. purchased bonds at a discount of $10,000. Subsequently Jent sold these bonds at premium of $14,000. During the period that Jent held
13. Jent Corp. purchased bonds at a discount of $10,000. Subsequently Jent sold these bonds at premium of $14,000. During the period that Jent held this investment, amortization of the discount amounted to $2,000. What amount should Jent report as gain on the sale of bonds? a. $12,000 b. $22,000 C. $24,000 d. $26,000
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