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On January 1, 2020 Jinn Inc. issued 5-year, 10% $100.000 bonds for 93, became theme interest on that date was 12%. The bonds pay interest

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On January 1, 2020 Jinn Inc. issued 5-year, 10% $100.000 bonds for 93, became theme interest on that date was 12%. The bonds pay interest anually on December 31* each year.Com year later on January 1, 2021. Jinn Inc. retires the $100.000 bonds by repurchasing them in te market for $95,000. What is the amount of gain or loss on the retirement of the bonds? O $2,000 loss $2,000 gain $500 gain $840 loss $840 gain

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