A $200,000 bond with a carrying amount of $208,000 was called at 103 and retired. In recording the retirement, the issuing company should

a.record no gain or loss.

b.record a $2,000 gain.

c.record a $6,000 loss.

d.record a $8,000 gain.

A $100,000 bond with a carrying amount of $104,000 was called at 107 and retired. In recording the retirement, the issuing company should

a.record a $1,000 gain.

b.record a $3,000 loss.

c.record a $4,000 gain.

d.record no gain or loss.