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On February 1, 2017, Pat Weaver Inc. (PWI) issued 12%, $1,100,000 bonds for $1,400,000. PWI retired all of these bonds on January 1, 2018, at

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On February 1, 2017, Pat Weaver Inc. (PWI) issued 12%, $1,100,000 bonds for $1,400,000. PWI retired all of these bonds on January 1, 2018, at 106. Unamortized bond premium on that date was $116,600. How much gain or loss should be recognized on this bond retirement? Multiple Choice O $168.000 gain. 0 $50.600 gain . 0 $0 gain. 0 $132.000 gain

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