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A $ 5 0 1 0 0 0 bond is retired at 9 8 when the carrying value of the bond is $ 4 8

A $501000 bond is retired at 98 when the carrying value of the bond is $483100. Which of the following is one effect of recording the retirement?
A $7880 loss
A $10020 gain
A $10020 loss
A $7880 gain
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