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During 2021, Hauke Company purchased 6,000, $1,000, 9% bonds. The carrying value of the bonds at December 31, 2021 was $5,880,000. The bonds mature on

During 2021, Hauke Company purchased 6,000, $1,000, 9% bonds. The carrying value of the bonds at December 31, 2021 was $5,880,000. The bonds mature on March 1, 2026, and pay interest on March 1 and September 1. Hauke sells 3,000 bonds on September 1, 2022, for $2,964,000, after the interest has been received. Hauke uses straight-line amortization. The gain on the sale is

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