On January 1, 2018, Plummer Company issued $200,000 of 9%, five-year bonds payable at 107. Plummer Company has extra cash and wishes to retire the bonds payable on January 1, 2019, immediately after making the second semiannual interest payment. To retire the bonds, Plummer pays the market price of 90. Read the requirements. (Assume bonds payable are amortized using the straight-line amortization method.) Requirement 1. What is Plummer Company's carrying amount of the bonds payable on the retirement date? The carrying amount of the bonds payable on the retirement date is 21,400 Requirement 2. How much cash must Plummer Company pay to retire the bonds payable? To retire the bonds, Plummer Company must pay Requirement 3. Compute Plummer Company's gain or loss on the retirement of the bonds payable. (Use parentheses or a minus sign for losses.) Plummer Company's gain or loss on the retirement of the bonds payable is