Question: Question 2 (2 points): Texarkana decided to retire its bonds, and made a gain on retirement of these bonds of $5,270. These bonds had

Question 2 (2 points): Texarkana decided to retire its bonds, and made

Question 2 (2 points): Texarkana decided to retire its bonds, and made a gain on retirement of these bonds of $5,270. These bonds had a face value of $100,000, a 'premium on bond payable' at the retirement date of $30,000, and a 'premium on bond payable' of $35,470 when the bonds were initially issued. What amount was paid to retire the bonds? A) $130,000 B $135.270 $124.730 D) $130,200

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