3. A bond has a carrying value of $270800 with a par amount of $270000. The call option on the bond is exerclsed and we pay a price of 101 for these bonds. How much gain or loss would be recorded on this retirement of debt? (show calculation) 7. A company had 166000 shares authorized, 99600 shares issued and 89320 shares outstanding of $9 par common stock. On November 1 , the company decides to give a $2.2 per share cash dividend to shareholders as of November 20 to be paid November 30 . Prepare the journal entries necessary for each date (if not entry is required that date, make a note a journal entry is not required)