A.) A $258000 bond was retired at 98 when the amortized cost of the bond was $254560. The entry to record the retirement would include a

gain on bond redemption of $860.

loss on bond redemption of $1720.

loss on bond redemption of $860.

gain on bond redemption of $1720.

B.) If bonds with face value of $100000 are redeemed at 97 before maturity when the amortized cost is $91700, what would be the resulting gain or loss on the transaction?

loss of $2751

gain of $2751

gain of $5300

loss of $5300