Exercise 4. The December 31, Year 7, balance sheet of Crane Company includes the following items: 8% bonds payable due December 31, Year 16 Unamortized premium on bonds payable $5,140,000 135,000 The bonds were issued on December 31, Year 6, at 103, with interest payable on July 1 and December 31 of each year. Crane uses straight-line amortization. On March 1, Year 8, Crane retired S2,050,000 of these bonds at 99 plus accrued interest. What should Crane record as a gain on retirement of these bonds