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Zoe purchases Tan, Inc bonds for $108,000 on January 2, 2022. The face value of the bonds is $100,000; the maturity date is December 31,

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Zoe purchases Tan, Inc bonds for $108,000 on January 2, 2022. The face value of the bonds is $100,000; the maturity date is December 31, 2026; and the annual interest rate is 5%. Zoe will amortize the premium only if she is required to do so. Zoe sells the bonds on July 1 . 2024 , for $106,000 a. Determine the interest income Zoe should report for 2022 . b. Calculate Zoe's recognized gain or loss on the sale of the bonds in 2024 . Because Zoe required to amortize the bond premium, her adjusted basis for the bonds is A Therefore, zoe's recognized is $ on the sale of the bonds in 2024

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