38) X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity Decrease in Carrying Value Carrying Value Interest Date Cash Paid Expense 01/01/2021 S 104,212 S 6,253 6,208 6,160 12/31/2021 S 7,000 7,000 7,000 7,000 7,000 S 747 103,465 102,673 101,833 12/31/2022 792 12/31/202.3 840 890 6,110 6,057 12/31/2024 100,943 12/31/202:5 943 100,000 X2 buys back the bonds for $103,000 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would X2 record on this date? A) No gain or loss C) $327 loss B) S1,202 loss. D) S3,000 gain