Question: February 2 0 2 3 , Pat Weaves Incorporated ) issued 1 , 2 0 0 , 0 0 0 bonds for $ 1 ,

February 2023, Pat Weaves Incorporated ) issued 1,200,000 bonds for $1,500,000PWI retired all of these bonds on January 1,2024, at 103 Unamortized bond premium on that date was $123,600How much gain or loss should be recognized on this bond retirement?

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