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Assume the following facts: Brando Company issues $800,000 face value, 6%, 10 year bonds at 102 on April 1, 2004. the bonds pay interest on

Assume the following facts: Brando Company issues $800,000 face value, 6%, 10 year bonds at 102 on April 1, 2004. the bonds pay interest on April 1 and october 1. the company uses straight-line amortization which is done on each interest payment date. the bonds are retired on october 1, 2009 for $803,000 after the interest for that date has been paid. use this information to answer the following question: Was there a gain or loss on retirement? how much? and (answer "G" for gain or "L" for loss)

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