Question 34 of 40 < > View Policies Current Attempt in Progress On January 1, 2016, Oriole Company issued 3300 of its 10%, $1,000 bonds for $3432000. These bonds were to mature on January 1, 2026 but were callable at 101 any time after December 31, 2019. Interest was payable semiannually on July 1 and January 1. On July 1, 2021, Oriole called all of the bonds and retired them. Bond premium was amortized on a straight-line basis. Before income taxes, Oriole's gain or loss in 2021 on this early extinguishment of debt was O $99000 gain. O $26400 gain. O $33000 loss. $39600 gain. Save for Later Attempts: 0 of 1 used Submit Answer