Required

For each of the following situations, calculate the amount of bond discount or premium, if any:

Note: Do not round your intermediate calculations.

a. Gray Company issued $80,000 of 6 percent bonds at 101 1/4 b. Bush, Incorporated issued $200,000 of 10-year, 6 percent bonds at 97 1/2. c. Oak, Incorporated issued $100,000 of 20-year, 6 percent bonds at 103. d. Willow Company issued $180,000 of 15-year, 7 percent bonds at 99.