Question 16 2.5 pts On January 1, 2015, Leslie Company issued $100,000 of 8% ten-year bonds at 97. On Jan 1, 2020, all of the bonds were called at 103. What was the loss on bond retirement, assuming the use of straight-line amortization? O $1.500 O $3.000 O $4,500 O $6,000 Question 17 2.5 pts On January 1, 2016, Mathers Corporation issued $500,000 of 12% convertible bonds for $460,000. The bonds are due on January 1, 2021, and interest is paid on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of common stock with a par value of $1 per share. On January 1, 2018, when the bonds had a book value of $468,000 and a market value of $40 per share, all of the bonds were converted into common stock. The entry to record the conversion using the book value method would include a : O debit to Cash for $500,000. debit to Loss on Conversion of $147,000. debit to Discount on Bonds Payable for $32,000 credit to Additional Paid-in Capital for $453,000