Chapter 10-Exercise 1 sal University Task Team: 1 A.shshani... 2...Faten...Ashehr On Jan 1, 2014, Prebish Corporation issued $1,500,000, 10 percent bond to yield 11 percent due on Jan 1, 2024. The interest is payable annually each Dec 31. On Jan 1, 2016, the company called the bond at 98% of face value and retired it. Requirements: Determine the price of the Prebish bonds when it was issued on Jan 1,2014 Prepare a complete amortization schedule for the bonds using the effective interest method until Jan 1, 2023 l. 2. Assuming there is no taxes, please compute the amount of loss,if any, to be recognized by Prebish as a result of retirement on Jan 1, 2016. 3