Question: Tiger Corp issued bonds at 9 8 with a $ 1 0 , 0 0 0 , 0 0 0 par value in 2 0

 Tiger Corp issued bonds at 98 with a $10,000,000 par value in 2017. In 2022, Tiger calls the entire issue at 101 and redeems it. Immediately prior to the redemption of these bonds, the unamortized discount balance was $120,000.

What is the effect of this transaction?  

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