Orange Co. owned 80% interest of Kiwi Co. Orange issued $300.000 of its 8% bonds payable years ago when the market rate was 10%. The carrying value of the bonds payable was $267,989 in the beginning of 2023 . On 1/1 of 2023 Kiwi acquired all bonds payable issued by Orange at a price of $240,387, based on a 12% effective rate. The amortization tables prepared by Orange and Kiwi for 2023 are provided below. Table 1. Amortization table for Bonds Payable (prepared by Orange) Table 2. Amortization table for Investment in Bonds (prepared by Kiwi) Requirements ( 3 requirements) : 1. Based on the information given, determine the gain or loss on retirement of bonds for 2023. Provide your answer by completing the sentence below. Specifically, specify whe' it is a "aain" or a "loss" in space (1) and enter the amount in space (2). (3 points total) Table 2. Amortization table for Investment in Bonds (prepared by Kiwi) Requihements ( 3 requirements) : 1. Based on the info en, determine the gain or loss on retirement of bonds for 2023. Provide your answer by completing the sentence below. Specifically, specify whether it is a "gain" or a "loss" in space (1) and enter the amount in space (2) . (3 points total) Answer: The amount of_(1) on retirement of bonds is $(2) (1): A (2)