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Question 26 10 pts 26. Falco Inc. issued a $20,000,000 bond with a 6% coupon paid semiannually 3 years ago. The bond was originally for

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Question 26 10 pts 26. Falco Inc. issued a $20,000,000 bond with a 6% coupon paid semiannually 3 years ago. The bond was originally for 20 years. In order to clean up their balance sheet to prepare a publcoffern of tock iae decides to buy back their outstanding bonds of this isse inthe market plee,The comet amiaed bonds is 18,750,000 and they repurchased the bonds for 19,100,000. Prepare the journal entry for the early extinguishment of the debt. , , Paragraph 1 -T T, 12pt

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