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Marigold Corp. issues $25650000 face value of bonds at 95 on January 1, 2019. The bonds are dated January 1, 2019, pay interest semiannually at
Marigold Corp. issues $25650000 face value of bonds at 95 on January 1, 2019. The bonds are dated January 1, 2019, pay interest semiannually at 8% on June 30 and December 31, and mature in 10 years. Straight-line amortization is used for discounts and premiums. On September 1, 2022, $15390000 of the bonds are called at 103 plus accrued interest. What loss would be recognized on the called bonds on September 1, 2022?
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| $1402800 loss |
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| $1539000 loss |
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| $949050 loss |
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| $1169050 loss |
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