Problem Counts 3 Points The Ryan Candy Corp. issued bonds wi…

Problem Counts 3 Points The Ryan Candy Corp. issued bonds with a face value of $100,000 and a stated interest rate of 8%. Ryan Candy Corp. retired these bonds for $128,000 before the maturity date. At the time, the bonds had a carrying value of $117,000. Determine the amount of gain or loss on the bond retirement.