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On June 30, 2019, Manal Co. had outstanding 8%,3,000,000 face amount, 15-year bonds maturing on June 30,2029 . Interest is payable on June 30 and

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On June 30, 2019, Manal Co. had outstanding 8%,3,000,000 face amount, 15-year bonds maturing on June 30,2029 . Interest is payable on June 30 and December 31. The unamortized amount of the bond discount on June 30, 2019 was 135,000. On June 30, 2019, Manal acquired all of these bonds at 94 and retired them. What is the amount of gain or loss on this early extinguishment of debt? (3 questions)

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