Required information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 (The following information applies to the questions displayed below] On January 1, 2017 Shay issues $350,000 of 10%, 15-year bonds at a price of 9775. 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 Exercise 10-9 Part 2 2. What is the amount of the discount on the bonds at January 1, 2017? Amount of discount A dd ENG SONY | ABOST Lwo 990000QQQQUEE 20OUOO JEJEJ- MUUUUUUUU DJUUUUUU OOONMODUL