On May 1, 2017, Windsor Ltd. issued a series of bonds in order to raise money for some upcoming projects. The bonds had a face value of $5,550,000 and matured in 10 years. Interest was payable at a face rate of 5% each April 30 and October 31. The bonds were issued to yield 6.0%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.

A) Calculate the issue price of the bonds, and Prepare a bond discount/premium amortization table. (Round answers to 0 decimal places, e.g. 5,275.)

B) In the years that followed, Whispering encountered a number of highly profitable years, resulting in a surplus of cash. On August 1,2022, the company repurchased and retired the entire bond issue at 113, plus accrued interest. Calculate the amount of the gain or loss on early redemption of the bonds. (Round answer to O decimal places, e.g. 5,275.)

C) Prepare a journal entry to accrue interest to the date of the redemption and the journal entry to record the redemption of the bonds plus accrued interest on August 1, 2022.