ABC Co has a subsidiary, XYZ Co$.$ At $1/1/$x$1,$ XYZ issues $$10,000,000$ at a price of $97.$ Each year, the premium or discount will decrease by $25,000.$ At $1/1/$x$3,$ ABC purchases the debt from a third party for $$9,695,000.$ On $1/1/$x$3,$ the consolidated entity has a $\_\_\_\_\_\_\_\_\_($gain or loss$)$ of $\_\_\_\_\_\_\_\_\_\_($number$).$

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