neuprono bonus IVESTER Company issued $200,000 face value bonds at a discount of $3,500. The bonds contain a call provision of 98. IVESTER decides to redeem the bonds due to a significant decline in interest rates. On that date, IVESTER had amortired only $1,300 of the discount Required: 1. Calculate the pain or lost on the early redemption of the bonds. Enter the amount as positive number, Round your answer to the nearest wholt dolar. 2. Calculate the sain or loss on the redemption assuming that the call provision is 101 instead of 98. Enter the amount as positive number. Round your answer to the nearest whole dollar 3. Select where the gain or loss should be presented on the financial statements. 4. Why is the call price is normally higher than 100? Bonds are redeemed early only if it is advantageous to the To compensate the and inconvenience involved, the call price is normally set at an amount higher than 100 for forgone interest, as well as for the costs