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The following information applies to the questions USPIJU DEUW. On January 1, 2017 Shay issues $430,000 of 8%, 15-year bonds at a price of 97.00.

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The following information applies to the questions USPIJU DEUW. On January 1, 2017 Shay issues $430,000 of 8%, 15-year bonds at a price of 97.00. Six years later, on January 1, 2023, Shay retires 25% of these bonds by buying them on the open market at 10475. 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 Book Print Exercise 10-9 Part 4 etences 4. What is the carrying (book) value of the bonds and the carrying value of the 25% soon-to-be-retired bonds as of the close of business on December 31, 2022? Entire Group Retired 25% Par value Remaining discount Carrying value

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