Question 13 2.22 pts On January 1, Southeast Airlines issued $300,000 of 9%, 5-year, callable bonds. On a date when the carrying value of the bonds is $300,500, the bonds are called and retired at 99. Southeast will report a: $3,500 Loss on Retirement of Bonds Payable. $500 Loss on Retirement of Bonds Payable. O $500 Gain on Retirement of Bonds Payable. O $3,500 Gain on Retirement of Bonds Payable. Previous Next