Findlay Associates has outstanding Bonds Payable, with a par value of $80,000, and carrying value of $77,800. If Findlay purchases the bonds in the open market at a price of 97.0 and retires them, which of the following is true?

	A.	Findlay will recognize a gain of $200
	B.	Findlay will recognize a loss of $200
	C.	Findlay will recognize a gain of $2,200
	D.	Findlay will recognize a loss of $2,20