On January 1, 2017, Sean purchased an 8 %, $ 100 comma 000 corporate bond for $ 92 comma 277. The bond was issued on January 1, 2017, and matures on January 1, 2022. Interest is paid semiannually, and the effective yield to maturity is 10 % compounded semiannually. On July 1, 2018, Sean sells the bond for $ 95 comma 949. A schedule of interest amortization for the bond follows: LOADING...(Click the icon to view the interest amortization schedule.) Read the requirementsLOADING.... Requirement a. How much interest income must Sean recognize in 2017? The amount of interest income that Sean must recognize in 2017 is $9,259 . Requirement b. How much interest income must Sean recognize in 2018? The amount of interest income that Sean must recognize in 2018 is $4,677 .

Requirement c. How much gain must Sean recognize in 2018 on the sale of the bond? The amount of gain that Sean must recognize on the sale of the bond in 2018 is ___________?

On January 1,

20172017,

SeanSean

purchased

anan

8 %8%,

$ 100 comma 000$100,000

corporate bond for

$ 92 comma 277$92,277.

The bond was issued on January 1,

20172017,

and matures on January 1,

20222022.

Interest is paid semiannually, and the effective yield to maturity is

10 %10%

compounded semiannually. On July 1,

20182018,

SeanSean

sells the bond for

$ 95 comma 949$95,949.

A schedule of interest amortization for the bond follows:

LOADING...

(Click the icon to view the interest amortization schedule.)Read the requirements

LOADING...

.

Requirement a. How much interest income must

SeanSean

recognize in

20172017?

The amount of interest income that Sean must recognize in 2017 is

$9,259

.

Requirement b. How much interest income must

SeanSean

recognize in

20182018?

The amount of interest income that Sean must recognize in 2018 is

$4,677

.

Requirement c. How much gain must

SeanSean

recognize in

20182018

on the sale of the bond?

The amount of gain that Sean must recognize on the sale of the bond in 2018 is