On January 1,2016, Morley Electronics issued bonds with a par value of

$1,350,000

at 95 , due in 10 years. Bond issue costs were

$22,000

. Bond issue costs and the bond discount were amortized using straight-line methods. On January 1, 2021, Morley called the entire issue at 102. Calculate Morley's loss or gain on redemption.\ \\\\table[[

$67,500

los5],[

$89,500

gain],[

$71,750

loss],[

$44.750

gain]]

On January 1,2016, Morley Electronics issued bonds with a par value of $1,350,000 at 95 , due in 10 years. Bond issue costs were \$22.000. Bond issue costs and the bond discount were amortized using straight-linemethods. On January 1, 2021, Morley called the entire issue at 102. Calculate Morley'sloss or gain on redemption. $67.5001055 $89,500 gain $71,7501055 $44.750 gain