On April 1, 20X6, Top issued at par $200,000 of 10 percent bonds directly to Bussman; interest on the bonds is payable March 31 and September 30. On January 1, 20X7, Topp purchased all of Bussmans outstanding 10-year 12 percent bonds from an unrelated institutional investor at 98. The bonds originally had been issued on January 1, 20X1, for 101. Interest on the bonds is payable December 31, and June 30.

I need help in how to figure the:

Bond Retirement Gain=??

Retirement Gain Amoritization=??

Here is the other specifics:

			Topp Manufacturing			Bussman Corporation
Item			Debit	Credit		Debit	Credit
Cash			39,500			29,000
Current Receiveables			112,500			85,100
Inventory			301,000			348,900
Investment in Bussman Stock			1,240,631
Investment in Bussman Bonds			984,121
Investment in Topp Bonds						200,000
Land			1,231,000			513,000
Building & Equipment			2,750,000			1,835,000
Cost of Goods Sold			2,009,000			430,000
Depreciation and Amoritization			195,000			85,000
Other Expenses			643,000			205,874
Dividends Declared			50,000			40,000
Accumulated Depreciation				1,210,000			619,000
Current Payables				98,000			79,000
Bonds Payable				200,000			1,000,000
Bond Premium							4,268
Common Stock				1,000,000			500,000
Premium on Common Stock				700,000			280,000
Retained Earnings, January 1				3,027,695			468,606
Sales				3,101,000			790,000
Other Income				134,121			31,000
Income from Bussman				84,936
			9,555,752	9,555,752		3,771,874	3,771,874