Question: The December 3 1 , 2 0 2 4 balance sheet of Wildhorse Co . included the following items: 1 0 % bonds payable due

The December 31,2024 balance sheet of Wildhorse Co. included the following items:
10% bonds payable due December 31,2030 $5,044,000
Unamortized discount on bonds payable 423,696
On January 1,2025, Wildhorse retired all of the bonds at 98. Calculate the gain or loss on retirement.
select an option
on retirement $enter a dollar amount

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