Question: 4 Using the information from Question #3, assume that 50% of the bonds were retired on July 1, 2014 at 90. (15 points) a Calculate

4 Using the information from Question #3, assume that 50% of the bonds were retired on July 1, 2014 at 90. (15 points) a Calculate the gain (loss) on the retirement Make the journal entry to record the bond retirement on July 1, 2014 3 on January 1, 2012 Everhart Corporation, a calendar year company issues 100,000, 5%, 5 year bonds dated January 1, 2012. The bonds pay interest semiannually January 1 and June 30. The bonds are issued to yield 6% (35 points) 2.50% 3.00% 5.00% 6.00% Present Value of $1 for 5 periods 0.883850 0.862610 0.783530 0.747260 0.781200 0.744090 0.613910 0.558390 Present Value of $1 for 10 periods Present Value of Ordinary Annuity of $1 for 5 periods Present Value of Ordinary Annuity of $1 for 10 periods 4.464583 4.579710 4.329480 4.421236 8.752060 8.530200 7.721730 7.360090

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