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A company is issued 10 year, 10% bonds with a face value of $2,175,000. The bonds were sold to yield 11% Interest is payable quarterly.

A company is issued 10 year, 10% bonds with a face value of $2,175,000. The bonds were sold to yield 11% Interest is payable quarterly. The company uses the Effective Interest Method. On 03/31/19, the company records a debit of $75,065 to Interest expense and credits of $2,565 and $72,500 to Discount on bonds payable and Interest Payable as an adjusting entry.

On January 1st, 2027, the company paid the interest payment due on that date and the called all the bonds at 97. How would I find the total loss including the interest payment?

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