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Nickel Incorporated bought $ 7 0 0 , 0 0 0 of 3 year 6 % bonds an investment on December 3 1 , 2

Nickel Incorporated bought $700,000 of 3year6% bonds an investment on December 31,2023 for $742.000. The Investment receives interest annually and Nickel uses straightline amortizationOn May 12024, the $140,000 of the bonds at As a result of the retirement, Nickel report Note: Do not round intermediate calculations and round your final answer to nearest whole dollar Choice $162.400 $17,733 gain $ 28.000 gain $14000 loss

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