On February 1, 2020, Pat Weaver Inc. (PWI) issued 8%, $1,800,000 bonds for $2,100,000. PWI retired all of these bonds on January 1, 2021, at 105. Unamortized bond premium on that date was $189,000. How much gain or loss should be recognized on this bond retirement?

Multiple Choice

• $144,000 gain.

• $168,000 gain.

• $99,000 gain.

• $0 gain.

my solution below - wrong answer - need help to solve

1,800,000/100*105=1,890,000

18,900

1,800,000+18,900= 1,818,900

1,818,900 1,890,000 = 71,100 - wrong answer