show steps

9. The December 31, 2020, balance sheet of Hess Corporation includes the following items: 9% bonds payable due December 31, 2026$5,000,000 Unamortized premium on bonds payable 135,000 The bonds were issued on December 31, 2016, at 103, with interest payable on July 1 and December 31 of each year. Hess uses straigh line amortization. On March 1, 2021, Hess retired $2,000,000 of these bonds at 98 plus accrued interest. What should Hess record as a gain on retirement of these bonds? Ignore taxes