Help Save & Exit Submit B On January 1, 2016, F Corp. issued 2,900 of its 10%, $1,000 bonds for $2,994,000. These bonds were to mature on January 1, 2026, but were callable at 101 any time after December 31, 2019. Interest was payable semiannually on July 1 and January 1 On July 1, 2021, F called all of the bonds and retired them. The bond premium was amortized on a straight-line basis. Before income taxes, F Corp.'s gain or loss in 2021 on this early extinguishment of debt was: Multiple Choice 0:25:09 Print $76,000 gain $29,000 loss $13.300 gain $22.700 gain < Prev 3 of 8 Next >