Accounting Practice Problem 3 Background: The fiscal year is winding down and the company you work for is counting on you to run some analysis on company financials. The company had a great year, but the managers want a second set of eyes to look at these numbers. Determine the answer for the following situation and report back to your manager. A $100,000 bond issue with a discount of $4,200 is retired at 102. What is this transaction's gain or loss? A. $6,200 loss B. $4,200 loss C. $2,000 loss D. $4,200 gain E. $6,200 gain ONLY ONE CORRECT