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A company decides to retire $300,000 bonds, callable at 101. At the time of retirement the Balance Sheet has the following account balances: Bonds payable

A company decides to retire $300,000 bonds, callable at 101. At the time of retirement the Balance Sheet has the following account balances: Bonds payable $300,000 Unamortized Discount 5,000. What is the amount of gain/loss recognized?

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