On February $1,2023,$ Pat Weaver Incorporated $($PWI$)$ issued $11\%,$$$1,700,000$ bonds for $$2,000,000,$ PWI retired all of these bonds on January $1,2024,$ at $104.$ Unamortized bond premium on that date was $$176,800.$ How much gain or loss should be recognized on this bond retirement?

Multiple Choice

$$187,000$ gain

$$108,800$ loss

$$108,800$ gain

$$220,000$ gain