If $912,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is Oa. $1,021,440 Ob. $912,000 Oc. $684,000 Od. $937,080 On 3anuary 1 of the arrent year, Barton Corporation issued 9% bonds with a face value of $98 000. The bonds are sold for $93,100. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is $9,800 Ob. $10,290 Oc. $490 Od. $4,410 A $297,000 bond was redeemed at 98 when the carrying value of the bond was $289,575. The entry to record the redemption would include a Oa. gain on bond redemption of $5,940. Ob. loss on bond redemption of $1,485. c. gain on bond redemption of $1,485. Od. loss on bond redemption of $7,425. The present value of $62,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar) Use the present value table in Exhibit 8. Oa. $55,180 Ob. $51,240 Oc. $49,426 Od. $54,153