14. On January 1, 2018, Linen Corp. issued $450,000 (face value), 10%, ten-year bonds at 103. The bonds are callable at 105. Linen has recorded amortization of the bond premium by the straight-line method. On December 31, 2024, Linen repurchased $100,000 of the bonds in the open market at 96. Bond interest expense and premium amortization have been recorded for 2024. Ignoring income taxes, what is the loss or gain arising from this reacquisition?

a) a gain of $4,900 b) a loss of $4,900 c) a gain of $6,100 d) a loss of $6,100