7. ABC, a holder of a $400,000 XYZ Inc. bond, collected the interest due on June 30. 2038. and then sold the bond to DEF Inc. tor $305,000. (in that date, 302. a 90 percent owner ct DEF. had a $450,000 carrying amount tor this bond. Based on the information given, what amount of gain or toes on bond retirement was recorded? {Points : 1] we gain or loss $35,000 gain $85.00!? loss 3:35.000 loss