Question: Please help cannot figure out, please show work Brooks Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2015. The bonds

Please help cannot figure out, please show work

Brooks Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2015. The bonds had a face value of $200,000, pay interest annually on January 1, and have a call price of 101. Brooks uses the straight-line method of amortization. Brooks Company decided to redeem the bonds on January 1, 2017. What amount of gain or loss would Brooks report on its 2017 income statement? A. $11,200 loss B. $11,200 gain C. $9,200 gain D. $9,200 loss

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