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(The following information applies to the questions displayed below On January 1, 2017, Shay issues $280,000 of 12%, 12-year bonds at a price of 9725.

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(The following information applies to the questions displayed below On January 1, 2017, Shay issues $280,000 of 12%, 12-year bonds at a price of 9725. Six years later, on January 1, 2023, Shay retires 30% of these bonds by buying them on the open market at 104 75. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount 4, what is the carrying (book) value of the bonds and the carrying value of the 30% soon-to-be-retired bonds as of the close of business on December 31, 2022? Retired Entire Group 30% Par value Remaining discount Carrying value

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