On October 15,2013,Rural Sales has a bond with balances as shown below. 
If Rural Sales wishes to retire the bonds for $82,000,what will be the effect on the income statement?
A) Gain on retirement of $2,600
B) Loss on retirement of $2,600
C) Gain on retirement of $2,000
D) Loss on retirement of $2,000
Correct Answer:
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