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Item 10Item 10 MSG Corporation issued $102,000 of 3-year, 4% bonds outstanding on December 31,...

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Accounting

Item 10Item 10 MSG Corporation issued $102,000 of 3-year, 4% bonds outstanding on December 31, 2020 for $106,000. The bonds pay interest annually and MSG uses straight-line amortization. On May 1, 2021, $10,200 of the bonds were retired at 116. As a result of the retirement, MSG will report

Multiple Choice

a $1,232 loss

a $1,276 loss

a $2,464 loss

a $2,464 gain

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