Nickel Inc. bought $200,000 of 3-year, 6% bonds as an investment on December 31, 2020 for $212,000. The investment receives interest annually and Nickel uses straight-line amortization. On May 1, 2021, the issue retired $40,000 of the bonds at 114. As a result of the retirement, Nickel will report a: (Do not round intermediate calculations and round your final answer to nearest whole dollar.) Multiple Choice $4,000 loss. $8,000 gain. $44.800 loss. $3,467 gain