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company received process of $211,500 on 10 years, 8% bonds issued on Jan 1, 2009. The bond had a face value of $200,000, pay interest annually on...

company received process of $211,500 on 10 years, 8% bonds issued on Jan 1, 2009. The bond had a face value of $200,000, pay interest annually on December 31 st, and have a call price of 102. Sparks uses the straight-line methods of amortization. Sparks Company decided to redeem the bonds on Jan 1, 2011

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