d. 120, you Problem 6-25 (LAA) Nixon Company reported 10% bonds payable with carrying amount of P5, 700,000 on January 1, he bonds had a face amount of P6,000,000 and were issued to y I to yield 12%. The interest method of amortization is used. Interest was 0, 8% paid on January 1 and July 1 of each year. each On July 1, 2020, the entity retired the bonds at 102. The bonds interest payment on July 1, 2020 was made as scheduled. 1. What is the carrying amount of the bonds payable on July esent 1, 2020? entity a. 5,700,000 b. 5,742,000 C. 6,000,000 of the d. 5,658,000 2. What amount should be recorded as loss on the early extinguishent of the bonds? a. 120,000 b. 378,000 . 336,000 d. 462,000