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On January 1,2021 , Wilco Inc. sold bonds with a face.value of $1,000,000 for $1,100,000. Wilco decides to retire the bonds early on January 1,2026

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On January 1,2021 , Wilco Inc. sold bonds with a face.value of $1,000,000 for $1,100,000. Wilco decides to retire the bonds early on January 1,2026 for $1,075,000. The carrying value of the bonds on that date is $1,050,00. How much gain or loss will Wilco recognize from the early retirement of these bonds? $75,000 Loss $25,000 Gain $25,000 Loss $100,000 Loss

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