Requirements 1 ir 1. What is Perriello Company's carrying amount of the bonds payable on the retirement date? 2. How much cash must Perriello Company pay to retire the bonds payable? 3. Compute Perriello Company's gain or loss on the retirement of the bonds payable. PrintDone January 1 2018, Perriello Company issued S550.00 of 10%, five-year bonds payable at 103. Per ello Company has extra cash and w s es to retire e bonds payable on January 2 9.mne the seco a eva e makin semiannual interest payment. To retire the bonds, Perriello pays the market price of 92 Read the requirements (Assume bonds payable are amortized using the straight-line amortization method.) Requirement 1. What is Perriello Company's carrying amount of the bonds payable on the retirement date? The carrying amount of the bonds payable on the retirement date is S Requirement 2. How much cash must Perriello Company pay to retire the bonds payable? To retire the bonds, Perriello Company must pay $ Requirement 3. Compute Perriello Company's gain or loss on the retirement of the bonds payable. (Use parentheses or a minus sign for losses.) Perriello Company's gain or loss on the retirement of the bonds payable iss