On January 1, 2019, Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided: 19 Time Period 10 10 10 Interest 10% 8% 12% PV of $1 0.386 0.463 0.322 PV of a $1 Annuity 6.140 6.710 5.650 Calculate the issuance price if the market rate of interest was 10% Multiple Choice $5,427,000. $4,477,000. $4,435.000 o o $5,000,000 20 On July 1, 2019, immediately after recording interest payments, Salsa, Inc. retired one fifth of its $500,000 of bonds payable for $97,500. The bonds were originally issued at par value in 2014. Which of the following statements is correct? Multiple Choice Stockholders' equity is not affected by the bond retirement. A gain of $2,500 will be reported on the income statement. A loss of $2,500 will be reported on the income statement. Again of $402,500 will be reported on the income statement