64 Assume in this problem that the investment is held at amortized Cost. What amount of gain or loss should RED recognize on the sale of investments on April1,2021? * (1 Point) On January 1,2019, RED Company purchased P 1,000,090, 1294 bonds of BU Company for F 1,083,594, a price that yiekin 10 0 Intered on them bonds h payoble every December 31. The bonds mature on December 31,2023 Cal April 1,3021, In pey a maturing obligation, RED inid P 600 600 fois wake bonds at 101 pan owned interuil. Market wobin of the beach on different dotes is as follows December 31,2019 - 108 Docomber 31,2020 - 104 December 31,2021 - 104 Amume the dube Investment h Ineeded to speculate on thevation of Interest or for valsa and b hold for trading. O P 12,344 loss O P 30,000 loss O P12,344 gain P 30,000 gain