During 20x9, Oceanic Co. Issued 3,000 of its 9%, ₱1,000 face value bonds at 1011/2. In connection with the sale of these bonds, Oceanic paid the following expenses:   Promotion costs ₱20,000 Engraving and printing 25,000 Underwriter’s commissions 200,000   What amount should Oceanic record as bond issue costs to be amortized over the term of the bonds

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