21.

Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity:

Date	Cash Paid			Interest Expense			Increase in Carrying Value			Carrying Value
01/01/2021										$	265,788
06/30/2021	$	11,200		$	13,289		$	2,089			267,877
12/31/2021		11,200			13,394			2,194			270,071
06/30/2022		11,200			13,504			2,304			272,375
12/31/2022		11,200			13,619			2,419			274,794
06/30/2023		11,200			13,740			2,540			277,334
12/31/2023		11,200			13,866			2,666			280,000

THA buys back the bonds for $267,861 immediately after the interest payment on 12/31/2021 and retires them. What gain or loss, if any, would THA record on this date?

• $2,210 gain.

• $2,073 loss.

• $12,139 gain.

• No gain or loss.