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On January 1, 2017, Shay issues $430,000 of 8%, 15-year bonds at a price of 97.00. Six years later, on January 1, 2023 Shay retires

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On January 1, 2017, Shay issues $430,000 of 8%, 15-year bonds at a price of 97.00. Six years later, on January 1, 2023 Shay retires 25% of these bonds by buying them on the open market at 104.75. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight line method is used to amortize any bond discount Exercise 10.9 Part 3 3. How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2017, through December 31, 20227 Amortization of discount

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