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Please show work, thank you. (Use the following information for questions 1 and 2)...

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Accounting

imagePlease show work, thank you.

(Use the following information for questions 1 and 2) Always Be Counting Co. issued callable bonds on January 1, 2016. ABC's accountant has created the following amortization schedule from issuance until maturity: 1. What was the market rate of interest on ABC's bonds at the time of issuance? a. 3% b. 3.5% c. 6% d. 7% 2. ABC calls the bonds at 103 immediately after the interest payment on 12/31/2017 and retires them in full. What gain or loss, if any, would ABC record on this date? a. No gain or loss. b. $3,717 gain. c. $6,000 loss. d. \$2,283 loss

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