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On January 1 2021. Sheridan Company redeemed its 15-year bonds of $7080000 par value for 103. They were originally issued on January 1, 2009 at

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On January 1 2021. Sheridan Company redeemed its 15-year bonds of $7080000 par value for 103. They were originally issued on January 1, 2009 at 93 with a maturity date of January 1, 2024. Sheridan amortizes discounts and premiums using the straight-line method. What amount of loss should Sheridan recognize on the redemption of these bonds (ignore taxes)? O $311520 O $0 O $212400 O $227520

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