Homework: Chapter 12 Score: 0.33 of 1 pt S12-10 (similar to) 6 of 11 (11 complete) Save HW Score: 64.74%, 7.12 of 11 pts Question Help On January 1, 2018, Petullo Company issued $100,000 of 5%, five-year bonds payable at 103 Petullo Company has extra cash and wishes to retire the bonds payable on January 1, 2019, Immediately after making the second semiannual interest payment To retire the bonds Petullo pays the market price of 90. Read the requirements (Assume bonds payable are amortized using the straight-line amortization method) Requirement 1. What is Petullo Company's carrying amount of the bonds payable on the retirement date? 5 102.400 The carrying amount of the bonds payable on the retirement date is Requirement 2. How much cash must Petullo Company pay to retire the bonds payable? To retire the bonds, Petullo Company must pay Requirements - X 1. What is Petullo Company's carrying amount of the bonds payable on the retirement date? 2. How much cash must Petullo Company pay to retire the bonds payable? 3. Compute Petullo Company's gain or loss on the retirement of the bonds payable. Print Done *