Nickel Inc. bought $500,000 of 3-year, 7% bonds as an investment on December 31, 2017 for $535,000. The investment receives interest annually and Nickel uses straight-line amortization. On May 1, 2018, the issuer retired $100,000 of the bonds at 116. As a result of the retirement, Nickel will report a:

A. 20,000 Gain

B.9778 Gain

C.15000 loss

D. 113,667 loss