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At December 31, 2007 the following balances existed for Sweeney Corporation

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June 7th, 2024

At December 31, 2007 the following balances existed for Sweeney CorporationBonda Payable $1,500,000Premium on Bonds Payable 120,000Interest Payable 37,000Unamortized Bond Issue Costs 90,000If 30% of the bonds are retired at 101 on January 1, 2018 what is the gain on redemption? Show all work

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