2. On March 31, 2014, Bob's Corporation retired $10,000,000 of bonds at 98.5 The bonds have an unamortized premium of $500,000. How much was the gain or loss on the retirement of the bonds? a. $150,000 loss b. $150,000 gain c. $650,000 gain d. $350,000 loss Haring reported the following data in its financial statements for 2008: Current liabilities $36,000 Interest expense Long-term liabilities 60,000 Income tax expense Stockholders' equity 50,000 Net income $ 6,000 2,400 5,600 21. What is the debt to equity ratio? a. .72 b. 1.92 sha C. 1.2 d. None of the above CA 22. What is the times-interest earned ratio? a. .93 b. 1.33 C. 2.33 janen d. 1.93