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 $420,000 of 9%, 12-year bonds at a price of 9725, 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 4 4 What is the carrying book value of the bonds and the carrying value of the 20% soon-to-be retired bonds as of the close of business on December 31, 2022? Entire Retired Group 20% 420,0oo $ 84,000 Par value Remaining discount Carrying value $420,00084,000