At the end of 2018, Howard Company purchased 6,000, $1,000, 9% bonds. The carrying value of the bonds at December 31, 2018 was $5,640,000. The bonds mature on March 1, 2023, and pay interest on March 1 and September 1. Howard sells 3,000 bonds on September 1, 2019, for $2,952,000, after the interest has been received. Howard uses straight-line amortization. The gain on the sale is a. $103,200. b. $112,400. c. $101,800. Od. $98,600.