A company has bonds outstanding with a par value of $60,000. The unamortized premium on these bonds is $1,260. If the company retired these bonds at a call price of $58,200, the gain or loss on this retirement is:

Multiple Choice

• $1,260 loss.

• $1,800 loss.

• $1,260 gain.

• $1,800 gain.

• $3,060 gain.