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On January 1,2021,Katty Company issued$800,000 of 8%,10-year bonds for 97.Patty retired all of these bonds on January 1,2022,at 102.If Katty uses the straight-line amortization,how much

On January 1,2021,Katty Company issued$800,000 of 8%,10-year bonds for 97.Patty retired all of these bonds on January 1,2022,at 102.If Katty uses the straight-line amortization,how

much loss should be recognized on this bond retirement?

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