The December 31, 2017, balance sheet of Sheridan Company includes the following items: 9% bonds payable due December 31, 2026 $5180000 Unamortized premium on bonds payable 135000 The bonds were issued on December 31, 2016, at 102, with interest payable on July 1 and December 31 of each year. Sheridan uses straight-line amortization. On March 1, 2018, Sheridan retired $2110000 of these bonds at 97 plus accrued interest. What should Sheridan record as a gain on retirement of these bonds? Ignore taxes. I belive the solution involves multiplying something by .4, but where does that .4 come from?