18. On January 1, 2010, Plueger Company has $700,000 of 6%, 10-year bonds with an unamortized discount of $28,000. Steiner Company, an 80% subsidiary, purchased $350,000 of these bonds at 102. The gain or (loss) on the retirement of Pluegers bonds is: (Show Work)

$14,000 loss. $14,000 gain. $21,000 loss. $21,000 gain.