What is the amount of the discount on the bonds at January 1, 2018?

How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2018, through December 31, 2023?

How much did the company pay on January 1, 2024, to purchase the bonds that it retired?

What is the amount of the recorded gain or loss from retiring the bonds?

On January 1, 2018, Shay issues $310,000 of 8%, 12-year bonds at a price of 96.50. Six years later, on January 1, 2024. Shay retires 20% of these bonds by buying them on the open market at 105.00. All interest is accounted for and paid through December 31, 2023, the day before the purchase. The straight-line method is used to amortize any bond discount 1. How much does the company receive when it issues the bonds on January 1, 2018? Cash proceeds from sale of bonds at issuance