mortized using the straight-line amortization method.) * Requirements 1. What is Purtell Company's carrying amount of the bonds payable on the retirement date? 2. How much cash must Purtell Company pay to retire the bonds payable? 3. Compute Purtell Company's gain or loss on the retirement of the bonds payable. Print Done On January 1, 2024. Purtall Company issued $400,000 of 8%. five year bonds payable at 108 Puriel Company has extra cash and wishes to retire the bonds payable on January 1, 2025, met after making the second semiannual interest payment. To retire the bonds, Purtell pay the market price of Read the rom (Assume bonds payable are amortized using the straight-line amortion method.) Requirement 1. What is Purtoll Company's carrying amount of the bonds payable on the retirement date? The carrying amount of the bonds payable on the retirement date is Requirement 2. How much cash must Purtell Company pay to retire the bonds payablo? To retire the bonds. Purtoll Company must pay Requirement 3. Compute Purtail Company's gain or loss on the retirement of the bonds payable. (Une parentheses or a minut sign for os.) Purtall Company's gain or loss on the retirement of the bonds payable is