On the day Federer Ltd redeemed its $1-000-000 face value bonds at 98- their carrying value was $1-200-000. a)Prepare a residual analysis for the bond redemption. b)Prepare the journal entry for the

On the day Federer Ltd redeemed its $1,000,000 face value bonds at 98, their carrying value was $1,200,000.

a)Prepare a residual analysis for the bond redemption.

b)Prepare the journal entry for the bond redemption.

c)If you recognize a gain or loss, state where in the Statement of Comprehensive Income the gain or loss should appear