On January 1, 2017, Bwidwin Corporation issued five-year, 12% bonds payable with a face value of $2,000,000. The bonds were issued at 80 and pay interest on January 1 and July 1. Baldwin amortizes bond discounts using the straight-ne method On December 31, 2010, Balfein retured the bonds early by purchasing them at a market price of 91. The company's fiscal year ends o December 31 Read the ruments Requirements umalis the sence of the bonds on January 1, 2017 2. Record the semisrual interest payment and amortization of bond discount on Jy1.2017 1 Recond the rest acons and discount amortization on December 31, 2017. 4. Caleate the carrying value of the bonds payable on December 31, 2019 prior to their retirement s. Calue the ganaries on the retirement of the bonds payable on Dec 31, 2019, indica whes this gain or ises will appear in the francial stats Print Done then credits. Exclude explanations from any umalis) Homework: Chapter 9 Graded Homework On January 1, 2017, Baldwin Corporation issued five-year, 12% bonds payable with a face value of $2,000,000. The bonds were issued at 86 and pay interest on. method. On December 31, 2019, Baldwin retired the bonds early by purchasing them at a market price of 91. The company's fiscal year ends on December 31. Read the requirements. Requirements 1. Journalize the issuance of the bonds on January 1, 2017 2. Record the semiannual interest payment and amortization of bond discount on July 1, 2017. 3. Record the interest accrual and discount amortization on December 31, 2017. Calculate the carrying value of the bonds payable on December 31, 2019, prior to their retirement. 5. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2019. Indicate where this gain or loss will appear in the financial statements. Print Question 8, E9-19A (similar to) Part 1 of 5 Done then credits. Exclude explanations from any journal entries.)