Determining Gain or Loss on Bond Redemption On April 30, one year before maturity, Middleton Company retired $440,000 of its 9% bonds payable at the current market price of 101 (101\% of the bond face amount, or $440,0001.01=$444,400). The bond book value on April 30 is $432,520, reflecting an unamortized discount of $7,480. Bond interest is currently fully paid and recorded up to the date of retirement. What is the gain or loss on retirement of these bonds? Note: Do not use a negative sign with your