132 33 34 35 36 37 38 39 43 44 45 46 47 48 49 50 Total Questions 40 41 On January 1, 2016, Pale Company has $700,000 of 6%, 10-year bonds with an unamortized discount of $28,000. Slugg Company, an 80% subsidiary, purchased $350,000 of these bonds at 102. The gain or (loss) on the retirement of Pale's bonds is: Unanswered Question Time Remaining 35 14,000 loss Submit Quiz $14,000 gain. 521,000 loss 521,000 gair ' Previous. skip Save & Next 1 12.50 10 PM e 144 e 49 7 8 9 5 6