QUESTION 15 Universal Travel Inc. borrowed $490,000 on November 1, 2018, and signed a 12-month note bearing interest at 5%. Interest is payable in full at maturity on October 31, 2019. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2018, in the amount of: O $16,333.3333. O $24,500. $4083.33333 $20,416.6667. QUESTION 16 On February 1, 2017, Pat Weaver Inc. (PWI) issued 9%, $1,700,000 bonds for $2,000,000, pwl retired all of these bonds on January 1, 2018, at 104. Unamortized bond premium on that date was $176,800. How much gain or loss should be recognized on this bond retirement? $108,800 gain. $153,000 gain. $180,000 gain. $0 gain