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On Janvary 1,2019, F Corporation issued 3,300 of its 8%,$1,000 bonds for $3,396,000. These bonds were to mature on danuary 1,2029 , but were callable

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On Janvary 1,2019, F Corporation issued 3,300 of its 8%,$1,000 bonds for $3,396,000. These bonds were to mature on danuary 1,2029 , but were callable at 101 any time affer December 31, 2022. Interest was payable semlannually on July 1 and January 1. On July 1,2024,F called all of the bonds and retired them. The bond premium was amortized on a straight-line basis. Before income taxes, F Corporation's gain or loss in 2024 on this early extinguahment of debt was: Mutiple Choice 510,200 gain. 584000 gan $19,800 gah. $33000km

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