Josiah Company issues two bonds. The information about the bonds is as follows:

• Bond 1: $10M, 7% stated rate, 6% market rate, semi-annual interest payments, maturity after 10 years.
• Bond 2: $10M, 7% stated rate, 8% market rate, semi-annual interest payments, maturity after 8 years.

The company repurchases bond 2 at the end of year two for $9.5M.

	Bond 1	Bond 2
Price of bond when issued
Amount of premium (discount)
Carrying value at the end of year two
Gain or loss when repurchased	N/A