On January 1, 2020, Platz Inc. issued $550,000 of 14 percent, five-year bonds payable at 107. Platz has extra cash and wishes to retire al January 1, 2021, immediately after making the second semi-annual interest payment. Platz uses the straight-line method of amortization the market price of 96 a. What is Platz's carrying amount of the bonds payable on the retirement date? b. How much cash must Platz pay to retire the bonds payable? c. Compute Platz's gain or loss on the retirement of the bonds payable a. What is Platz's carrying amount of the bonds payable on the retirement date? The carrying amount of the bonds payable on the retirement date is $ b. How much cash must Platz pay to retire the bonds payable? To retire the bonds Platz must pay $ c. Compute Platz's gain or loss on the retirement of the bonds yable Platz's on the retirement of the bonds payable is $