A company has bonds outstanding with a par value of $80,000. The unamortized premium on these bonds is $1,760. If the company retired these bonds at a call price of 97, the gain or loss on this retirement is

a) $1,760 loss.

b) $1,760 gain.

c) $2,400 loss.

d) $4,160 gain.

e) $2,400 gain.