Owl Co. retired its $2,500,000 par value, 6%, 10-year callable bonds early, on October 6 of...

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Owl Co. retired its $2,500,000 par value, 6%, 10-year callable bonds early, on October 6 of the current year, paying $2,550,500, which included the accrued interest of $35,785 due at the date of the call. The carrying value of the bonds at retirement was $2,519.250. What is the gain or (loss) included in Owl's current year income statement for the early retirement of these bonds? No gain or loss is recorded ($31,250) Loss O $4,535 Gain O ($19,250) Loss Owl Co. retired its $2,500,000 par value, 6%, 10-year callable bonds early, on October 6 of the current year, paying $2,550,500, which included the accrued interest of $35,785 due at the date of the call. The carrying value of the bonds at retirement was $2,519.250. What is the gain or (loss) included in Owl's current year income statement for the early retirement of these bonds? No gain or loss is recorded ($31,250) Loss O $4,535 Gain O ($19,250) Loss

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