6% PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 7,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 1/11/20X2 12/31/20X6Years to maturity 101% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% USE STRAIGHT LINE AMORTIZATION FOR THE GAIN OR LOSS CALCULATIONS. 5.) At the date of call the reacquisition price of the bond is what