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At the end of 2021, Crane Company purchased 6000, $1000, 9% bonds. The carrying value of the bonds at December 31, 2021 was $5929500. The

At the end of 2021, Crane Company purchased 6000, $1000, 9% bonds. The carrying value of the bonds at December 31, 2021 was $5929500. The bonds mature on March 1, 2026, and pay interest on March 1 and September 1. Crane sells 3000 bonds on September 1, 2022, for $2988000, after the interest has been received. Crane uses straight-line amortization. The gain on the sale is

A) 23250

B) 17610

C) 0

D) 28890

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