The 12% bonds payable of Sheffield Corp. had a net carrying amount of $2910000 on December 31, 2020. The bonds, which had a face value of $3060000, were issued at a discount to yield 14%. The amortization of the bond discount was recorded under the effective-interest method. Interest was paid on January 1 and July 1 of each year. On July 2, 2021, several years before their maturity, Sheffield retired the bonds at 102. The interest payment on July 1, 2021 was made as scheduled. What is the loss that Sheffield should record on the early retirement of the bonds on July 2, 2021? Ignore taxes.

The 12% bonds payable of Sheffield Corp. had a net carrying amount of $2910000 on December 31, 2020. The bonds, which had a face value of $3060000, were issued at a discount to yield 14%. The amortization of the bond discount was recorded under the effective- interest method. Interest was paid on January 1 and July 1 of each year. On July 2, 2021, several years before their maturity, Sheffield retired the bonds at 102. The interest payment on July 1, 2021 was made as scheduled. What is the loss that Sheffield should record on the early retirement of the bonds on July 2, 2021? Ignore taxes. O $191100. $61200. O $212100. O $170100