3. Blossom Company received proceeds of $1,025,000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $1,088,000, pay interest annually on December 31, and have a call price of 103, Blossom uses the straight line method of amortization, Blossom Company decided to redeem the bonds on January 1, 2021. What amount of gain or loss would Blossom report on its 2021 income statement? a $50,400 loss b. $50,400 gain 6 $83,040 gain d. $83,040 loss