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Please show work 1. At the end of 2018, Hazelnut Company purchased 6,000, $1,000, 9% bonds. The carrying value of the bonds at December 31,

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Please show work
1. At the end of 2018, Hazelnut Company purchased 6,000, $1,000, 9% bonds. The carrying value of the bonds at December 31, 2018 was $5,880,000. The bonds mature on March 1, 2023, and pay interest on March 1 and September 1. Hazelnut sells 3,000 bonds on September 1, 2019, for $2,964,000, after the interest has been received. Hazelnut uses straight-line amortization. What is the gain on the sale

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