John Company issued 8% bonds on January 1 of the current year. The carrying value of these liabilities will be lowest at the end of the first year if they were issued Oto yield 7% amortized using the straight-line method to yield 7% amortized using the interest method to yield 8% to yield 9% amortized using the interest method Oto yield 9% amortized using the straight-line method Paul Company issued 3% bonds on January 1 of the current year. The carrying value of these liabilities will be highest at the end of the first year if they were issued O to yield 4% amortized using the straight-line method Oto yield 4% amortized using the interest method Oto yield 5% amortized using the straight-line method O to yield 6% amortized using the interest method Oto yield 6% amortized using the straight-line method A bond issue with a maturity value of $100,000 and a carrying value of $102,000 is paid off at 104.5 and retired. What is the gain or loss on this transaction? O $2,500 loss $1,500 loss O $1,500 gain $2,500 gain $4,000 gain