On January 1, 2009, Seldon issues $450,000 of 10%, 15-year bonds at a price of 93. Six years later, on January 1, 2015, Seldon retires 20% of these bonds by buying them on the open market at 109. All interest is accounted for and paid through December 31, 2014, the day before the purchase. The straight-line method is used to amortize any bond discount. I need to figure out how much the company receives on Jan 1 2009 when they issue the bonds. I would guess that they receive 459325, but that is wrong. So I am not sure how to calculate this.. I also need to find what the discount on the bond is. I'd really like someone to explain to me how this is done.. And I've also copied and pasted what the rest of the questions to this problem are: Requirement 3: How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2009, through December 31, 2014? (Omit the "$" sign in your response.) Total amortization for first 6 years $ Requirement 4: What is the carrying (book) value of the bonds as of the close of business on December 31, 2014? What is the carrying value of the 20% soon-to-be-retired bonds on this same date? (Omit the "$" sign in your response.) Entire Group Retired 20% Carrying value $ $ Requirement 5: How much did the company pay on January 1, 2015, to purchase the bonds that it retired? Requirement 6: What is the amount of the recorded gain or loss from retiring the bonds? If someone could pleaseee help me how to figure this stuff out I'd greatly appreciate it