In year B, George Co. issues $100,000 in 10% bonds to yield 8%. Although the bonds have a bond date of July 1, year A, and don't mature for 10 years, George Co. repurchases the bonds on 12/31/F, their FYE, incurring $100 in brokerage fees.

A) Calculate the net book value of the bonds on 12/31F, excluding Interest Payable, immediately prior to repurchase _______________[107304.84]

B) Calculate the market value of the bonds on 12/31/F, assuming the bonds are currently priced in the market to yield 12%. (don't forget to include accrued interest, but not broker fees) ______________ ['partial method': 98357.88. "real': 98325.75]

C) Provide the 12/31/F gain/loss (indicate which) to repurchase and extinguish the bonds________________ ['partial:' 13846.96 gain. 'real' : 13879.09 gain.]