14.0n June 30, 2004, Parks Co. had outstanding 8%, $2,000,000 face amount, 15-year bonds maturing on June 30, 2014. Interest is payable on June 30 and December 31. The unamortized balances in the bond discount and defered bond issue costs accounts on June 30, 2004 were $70,000 and $20,000, respectively. On June 30, 2004, Parks acquired all of these bonds at 94 and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt? $1,980,000. b. $1,930,000. c. $1,910,000 d. $1,880,000. 15.Wilson Corp. purchased its own par value stock on January 1, 2004 for $20,000 and debited the treasury stock account for the purchase price. The stock was subsequently sold for $12,000. The $8,000 difference between the cost and sales price should be recorded as a deduction from additional paid-in capital to the extent that previous net "gains" from sales of the same class of stock are included therein; otherwise, from retained eamings. b. additional paid-in capital without regard as to whether or not there have been previous net "gains" from sales of the same class of stock included therein. c. retained earnings. dnet income