A company has bonds outstanding with a par value of $125,000 and a carrying value of $121,000. If the company decides to call the bonds at a price of $120,000, the gain on retirement is $1,000. True or False On January 1 , a company issued a $500,000,10%,8-year bond payable, and received proceeds of $473,800. Interest is payable eac June 30 and December 31 . The company uses the straight-line method to amortize the discount. The amount of interest expense to recorded on June 30 is $25,000 True or False