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Nicket Incorporated bought $200,000 of 3 year, 7% bonds as an investment on December 31,2023 for $214,000. The investment recoives interest annually and Nickel uses

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Nicket Incorporated bought $200,000 of 3 year, 7% bonds as an investment on December 31,2023 for $214,000. The investment recoives interest annually and Nickel uses syaight line amortiration, On May 1,2024, the issuer retired $40,000 of the bonds at 112 . As a result of the retirement, Nickel will report a: Note; Do not round intermediate calculations and round your final answer to nearest whole dollar. Midiple Choice \$43. 67 ios 50,000 gain $6000 iom

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