15. ABC purchased a call option on 100 shares of XYZ stock. The strike price is $80. If the current stock price is $92, the intrinsic value of the option contract is 16. ABC has a call option on 100 shares of XYZ stock. The exercise price is $98. If the current stock price is $95 and the time value of the option is $106, the balance of the Call Option account is. 17. A company reported beginning balances in Retained Earnings and Common Stock of $455,000 and $582,000, respectively. During the year, the company paid dividends of $16,000 and issued additional common stock for $21,950. At the end of the year, total stockholders' equity is $1,140,000. Net income is Use the following information to answer the next 2 clues. ABC issued $35,000 of 4% semiannual bonds for $29,591 when the market rate was 5%. The bonds mature in 30 years. ABC uses the straight-line interest method. 18. At the second interest payment date, interest expense is 19. After the third interest payment, the balance of the discount is