The December 31, 2024 balance sheet of Sunland Corporation includes the following items: 10% bonds payable due December 31, 2026 Unamortized premium on bonds payable $5080000 135000 The bonds were issued on December 31, 2023, at 102, with interest payable on July 1 and December 31 of each year. Sunland uses straight-line amortization. On March 1, 2025, Sunland retired $2032000 of these bonds at 97 plus accrued interest. What should Sunland record as a gain on retirement of these bonds?

The December 31,2024 balance sheet of Sunland Corporation includes the following items: The bonds were issued on December 31, 2023, at 102 , with interest payable on July 1 and December 31 of each year. Sunland uses straight-line amortization. On March 1, 2025, Sunland retired $2032000 of these bonds at 97 plus accrued interest. What should Sunland record as a gain on retirement of these bonds? The December 31,2024 balance sheet of Sunland Corporation includes the following items: The bonds were issued on December 31, 2023, at 102 , with interest payable on July 1 and December 31 of each year. Sunland uses straight-line amortization. On March 1, 2025, Sunland retired $2032000 of these bonds at 97 plus accrued interest. What should Sunland record as a gain on retirement of these bonds