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TB MC Qu. 14-123 (Algo) On February 1, 2020, Pat Weaver Inc... 19 On February 1, 2020, Pat Weaver Inc. (PW) issued 7%, $2,000,000 bonds

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TB MC Qu. 14-123 (Algo) On February 1, 2020, Pat Weaver Inc... 19 On February 1, 2020, Pat Weaver Inc. (PW) issued 7%, $2,000,000 bonds for $2,200,000. PWI retired all of these bonds on January 1, 2021, at 103. Unamortized bond premium on that date was $206,000. How much gain or loss should be recognized on this bond retirement? 5 po S: Multiple Choice $goin $61.000 gain O 50.000 o $16.000

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