QUESTION 5 On April 30, 2016, one year before maturity, Blue Peaches, Inc. retired $300,000 of 8% bonds payable at 103. The book value of the bonds on April 30 was $289,200. Bond interest was last paid on April 30, 2016. What is the gain or loss on the retirement of the bonds? OA. $30,600 gain B. $19,800 loss OC. $24,000 loss D.$10,800 gain QUESTION 12 Cottle Corporation issued $800,000 of 15 year bonds on lanuary 1. The bonds pay interest on January 1 and July 1 with a stated annual rate of 8 percent. If the market rate of annual interest at the time the bonds are sold is 6 percent, what will be the issue price of the bonds? (The answer assumes the use of a financial calculator. if PV tables are used, select the closest answer from the options provided.) A $1,738,786 B. $ 809,145 C.$ 921,878 OD.$ 956,804