On January 2, 2016, Prebish Corporation issued $1,500,000 of 10% bonds to yield 11% due December 31 , 2025. Interest on the bonds is payable annually each December 31. The bonds are callable at 101 (i.e., at 101% of face amount). Instructions a. Determine the price of the Prebish bonds when issued on January 2, 2016. b. Prepare an amortization schedule for 20162020 for the bonds. c. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Prebish as a result of retiring $1,000,000 of bonds on January 2,2019 , and prepare the journal entry to record the retirement