Help Save & Exit Su Homework 0 Check my wo Required information (The following information applies to the questions displayed below. On January 1, 2017, Shay issues $250,000 of 10%, 12-year bonds at a price of 97.50. Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 104,50. 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 1. How much does the company receive when it issues the bonds on January 1, 2017 Cash proceeds from sale of bonds at issuance ork Check Required information [The following information applies to the questions displayed below.) On January 1, 2017, Shay issues $250,000 of 10%, 12-year bonds at a price of 97.50. Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 104.50. 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 2. What is the amount of the discount on the bonds at January 1, 2017? Amount of discount 12 of 14 Next > ework Help Save & Che Required information [The following information applies to the questions displayed below.) On January 1, 2017 Shay issues $250,000 of 10%, 12-year bonds at a price of 97.50. Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 104.50. 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 3. How much amortization of the discount is recorded on the bonds for the entire period from January 2017, through December 31 20222 Amortization of discount 13 of 14 !!! Next >