6. On March 1, 2018, Concord Co. issued at 101 plus accrued interest $3,980,000.9% bonds. The bonds are dated January 1, 2018, and pay interest semiannually on July 1 and January 1. In addition, Concord Co. incurred $30,000 of bond issuance costs. Compute the net amount of cash received by Concord Co. as a result of the issuance of these bonds. (Round final answers to 0 decimal places, e.g. 5275.) Net cash received Answer 8. On January 1, 2013, Springs Industries issued $18,000,000 of 10% ten-year bonds at 102. The bonds are callable at the option of Springs at 104. Springs pays interest annually and has recorded amortization of the bond premium on the straight-line method (which was not materially different from the effective interest method). On December 31, 2019, Springs called in $6,000,000 of the bonds. Ignoring income taxes, Springs should report a gain or loss of