On December 31, 20X1, a corporation issued $230,000 face value, 12 percent bonds that mature 8 years from the date of issue. The issue price was 102. If the firm uses the straight-line method of amortization, interest expense for 20X2 will be reported at

A corporation paid $116,000 to retire bonds with a face value of $110,000 and an unamortized premium balance of $3,600. The entry to record the early retirement of the bonds will include the recognition of a loss of