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Nickel Inc. bought $700,000 of 3-year, 7 % bonds as an investment on December 31, 2017 for $749,000. The investment receives interest annually and Nickel

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Nickel Inc. bought $700,000 of 3-year, 7 % bonds as an investment on December 31, 2017 for $749,000. The investment receives interest annually and Nickel uses straight-line amortization. On May 1, 2018, the issuer retired $140,000 of the bonds at 117. As a result of the retirement, Nickel will report a: (Do not round intermediate calculations and round final answer to nearest whole dollar.) Multiple Choice $15,089 gain. $21,000 loss. $28.000 gain. $160,533 loss. Resu

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