hent CALGATOR FRE SERENITE BACK NEXT Multiple Choice Question 181 Pharoah Company received proceeds of $618000 on 10 year, 6% bonds issued on January 1, 2019. The bonds had a face value of $556000, pay interest annually on December 31, and have a cal price of 100 Pharoah uses the straight-ine method of amortization. Pharoah Company decided to redeem the bond on January 1, 2021. What amount of gain or loss would Pansah report on its 2021 income statement? O $50080 loss $50080 gain $30400 loss 530400 gain O Question Attempts: 0 of 1 uued FULL SCREEN PRINTER VERSION BACK NEXT Multiple Choice Question 181 Pharoah Company received proceeds of $618000 on 10 years bonds issued on January 1, 2019. The bonds had a face value of $656000, pay interest annualy on December 31, and have a cal price of 103. Pharah uses the straight line method of amortization. Pharoah Company decided to redeem the bonds onl y 1, 2021. what amount of gain or los would has report on 2021 income statement O $5000 loss $500 gain $304001