8. (TCO D) On January 1, 2011, Doty Co. redeemed its 15-year


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8. (TCO D) On January 1, 2011, Doty Co. redeemed its 15-year bonds of $2,500,000 par value for 102. They were originally issued on January 1, 1999 at 98 with a maturity date of January 1, 2014. The bond issue costs relating to this transaction were $150,000. Doty amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Doty recognize on the redemption of these bonds? (Ignore taxes.) (Points : 5) $90,000 $60,000 $50,000 $0

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