On January 1 of the current year, the Queen Corporation issued 6% bonds with a face value of 592,000. The bands are sold for $89,240. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Oueen records straightene amortization of the bond discount. Determine the bond interest expense for the year ended December 31 Select the correct answer $2,760 3460 A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $27,965 representing a loss of $3,839. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction $24.125 $3,839 $31.504 2065