Lowe Company has

$1,500,000

of bonds outstanding. The unamortized premium is

$19,600

. If the company redeemed the bonds at 101 , what would be the gain or loss on the redemption?\

$4,600

gain\

$4,600

loss\

$15,000

gain\

$15,000

loss

Lowe Company has $1,500,000 of bonds outstanding. The unamortized premium is $19,600. If the company redeemed the bonds at 101 , what would be the gain or loss on the redemption? $4,600 gain $4,600 loss $15,000 gain $15,000 loss