29. Brock Company received proceeds of $250,000 on 10-year, 10% bonds issued on January 1, 2020. The bonds had a face value of $225,000, pay interest annually on January 1, and have a call price of 102. Lake uses the straight-line method of amortization. What is the amount of interest Lake must pay the bondholders on January 1, 2021? a. $11,250 b. $20,000 c. $22,500 d. $25,000 30. Lapalooza Corporation retires its $750,000 face value bonds at 102 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $760,000. The entry to record the redemption will include a a. credit of $5,000 to Gain on Bond Redemption. b. debit of $5,000 to Loss on Bond Redemption. c. credit of $10,000 to Premium on Bonds Payable. d. debit of $10,000 to Premium on Bonds Payable