Problem: Module 3 Textbook Problem 6 Learning Objectives: 3-6 Using the straight-line method show how bonds issued at a discount affect financial statement 3-7 Using the straight-line method show how bonds issued at a premium affect financial statement Required For each of the following situations, calculate the amount of bond discount or premium, If any. (Do not round intermediate calculations.) a. $ 65.205 Gray Co. issued $63,000 of 6 percent bonds at 103 1/2 b. Bush, Inc. issued $87,000 of 10-year, 6 percent bonds at 95 1/2. c. Oak, Inc. Issued $212,000 of 20-year, 6 percent bonds at 102. d. Willow Co. Issued $169,000 of 15-year, 7 percent bonds at 97