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 2016-2020 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