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Mc 42 Help Save & ExIE Tony Hawk's Adventure (THA) Issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization
Mc 42 Help Save & ExIE Tony Hawk's Adventure (THA) Issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity. 02.0145 Date 01/01/2021 Cash Paid Interest Expense Increase in Carrying Value Carrying Value $332,789 06/30/2021 $17,500 $19,967 $2,467 335,256 12/31/2021 17,500 20,115 2,615 337,871 06/30/2022 17,500 20,272 2,772 340,643 12/31/2022 17,500 20,439 2,939 343,582 06/30/2023 17,500 20,615 3,115 346,697 12/31/2023 17,500 20,803 3,303 350,000 THA buys back the bonds for $336,391 immediately after the interest payment on 12/31/2021 and retires them. What gain or lost if any, would THA record on this date? Multiple Choice
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