On January 1, 2011, Steadman issues $350,000 of 10%, 15-year bonds at a price of 97%. Six years later on January 1, 2017, Steadman retires 20% of these bonds by buying them on the open market at 1041/2. All interest is accounted for and paid through December 31, 2016, the day before the purchase. The straight-line method is used to amortize any bond discount. references How much does the company receive when it issues the bonds on January 1, 2011?(Omit the "$" sign in your response.) What is the amount of the discount on the bonds at January 1, 2011? (Omit the "$" sign in your response.) How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2011, through December 31, 2016? (Omit the "$" sign in your response.) What is the carrying (book) value of the bonds as of the close of business on December 31, 20162tOmit the "$" sign in your response.) What is the carrying value of the 20% soon-to-be-retired bonds on December 31, 2016? (Omit the "$" sign in your response.) How much did the company pay on January 1, 2017, to purchase the bonds that it retired? (Omit the "$" sign in your response.) What is the amount of the recorded gain or loss from retiring the bonds? (Input your answer as a positive value. Omit the sign in your response.) Prepare the journal entry to record the bond retirement at January 1, 2017. (Omit the "$" sign in your response.)