2) Clinton Company issues 10-year bonds, as follows: Bonds are dated to be issued on: Bonds are issued on Par value of bonds: Stated annual interest rate: Amortization method used: Net amount of cash received on date of issuance: 301,230 January 1, 20x5 March 1, 20x5 $300,000 6% Straight-line REQUIRED: ended December 31, 20x5? ended December 31, 20x5? Percent reacquired a) What amount of interest expense will be reported on the income statement for the year b) What amount of interest expense will be reported on the income statement for the year c) Assume bonds were reacquired by Clinton Company on September 1, 20x9: 60% 1.04 Reacquisition price Determine the amount of gain or loss recognized at the time of reacquisition