Flint Company had bonds outstanding with a maturity value of $324,000. On April 30, 2020, when these bonds had an unamortized discount of $9,000, they were called in at 106. To pay for these bonds, Flint had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 102 (face value $324,000). Ignoring interest, compute the gain or loss.

f Chp 14 HW Question 9 of 11