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Question 13 (1 point) On December 31st, 2020, the book value (i.e., balance sheet value) of Hanza Company's 8% notes payable was $1,260,000. On that date, Hanza decided to buy back (i.e., pay off early) the notes. Hanza had to pay $1,285,200 to retire the notes early. This transaction will produce a: a) $25,200 income statement gain. b) $25,200 income statement loss. C) No gain or loss on the income statement. d) $100,800 income statement gain. e) $100,800 income statement loss. Question 18 (1 point) Jordens, Inc. issues stock. 200,000 shares are issued and the par value of the stock is $1.00. The stock issues for $20 per share. The effect of issuing this stock is: a) Common stock goes up by $4,000,000. Additional paid in capital goes up by $200,000. b) Common stock goes up by $200,000. Additional paid in capital goes up by $3,800,000 c) Common stock goes down by $200,000. Additional paid in capital goes down by $3,800,000. d) Common stock goes down by $4,000,000. There is no change in additional paid in capital. e) None of these answers are correct