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Candy Inc. owns $100,000 face value of 10-year, bonds as an investment on December 31, 2019, with a maturity date of December 31, 2022. The

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Candy Inc. owns $100,000 face value of 10-year, bonds as an investment on December 31, 2019, with a maturity date of December 31, 2022. The unamortized discount on these bonds was $4,500 at the end of 2019. Candy uses straight-line amortization. On May 1, 2020, the bonds were redeemed at 99. What is the amount of gain or loss on the early retirement? $3,000 gain $2,000 gain $2,000 loss Some other answer not given $3,000 loss

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