c. Elcam Company originally issues $200,000 of 10-year, 8% mortgage bonds at 98, due on January 1, 2019. On January 1, 2016, Webo Company purchases $150,000 of these bonds in the open market at 98....

c. Elcam Company originally issues $200,000 of 10-year, 8% mortgage bonds at 98, due on January 1, 2019. On January 1, 2016, Webo Company purchases $150,000 of these bonds in the open market at 98. Interest on the bonds is paid each June 30 and December 31.