Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturityc Increase in carrying Value Interest Carrying Value $247,215 249,048 250,991 253,050 255, 233 257,547 260,000 DateCash Paid Expense 01/01/2021 06/30/2021 13,000 $14,833 12/31/2021 06/30/2022 13,000 15,059 12/31/2022 13,000 06/30/2023 13,000 12/31/2023 13,000 $1,833 1,943 2,059 2,183 2,314 2,453 13,000 14,943 15,183 15,314 15,453 THA buys back the bonds for $248,811 immediately after the interest payment on 12/31/2021 and retires them. What gain or loss, if any, would THA record on this date? Multiple Choice $1,596 loss $2180 gain 189 gain $11189 gain No gain or loss X2 issued callable bonds on January 1, 2021. The bonds pay Interest annually on December 31 each year X2's accountant hes projected the following amortization schedule from issuance until maturity Decrease in Interest Carrying Carrying Value pate Cash Paid Expense Value 01/01/2021 12/31/2021 13,455 12,745 12/31/2022 13,45 12,670 12/31/202313,455 12,588 12/31/2024 13,455 12/31/2025 $121,379 710 785 867 958 1,059 120,669 119,884 119,017 18,059 117,000 12,497 12,396 13,455 X2 buys back the bonds for $120,550 immediately after the interest payment on 12/3V2022 and retires them. What gain or loss, if any, would X2 record on this date? Multiple Choice No gein or Loss $3.550 gain $1,542 loss 5600 1o3 666 loss The Viper retires a $491 million bond issue when the carrying value of the bonds is $54.1 million, but the market value of the bonds is $47.4 illion. The entry to record the resrement will include Mutiple Choice No gain or loss on retrement A debit of $67 million to a loss account A credit to cash for $541 mition. A crede of $6.7 million to a gain account The Ttan retires a $24.1 million bond issue when the carrying value of the bonds is $21.4 million, but the market value of the bonds is $27.2 million. The entry to record the retirement will include: Multiple Choice A debit of $5.8 millon to a loss account A credit to cash for $21.4 million No gain or loss on rotirement O ^cred" or ss.8 milion to . gain accoun