On December 31, year 0, your company issued a 3-year $80,000 bond with 4% coupons payable annually. Proceeds were $78,900. On January 1, year 3, your company repurchased all of the outstanding 4% bonds. Provide the financial statement amounts under each scenario market discount rate applied to the bond at January 1, year 3.

Market discount rate at repurchase	Cash paid to repurchase bonds	Net Book value of bond on Jan. 1, year 3 (just after 2nd coupon payment)	Gain (+) or loss (-) on the repurchase
3.9%
4.5%
5.8%