At the beginning of the year, Big Corporation purchased a 9% bond with a face value of $100,000 for $96,500 to yield 10%. The coupon payments are made annually at year-end. Assume that the fair value at the end of the year is $98,000. Assume the bonds are called on the first day of the next year for 100,000. What is the net gain or loss recognized on the income statement using the fair value through profit or loss method? (Round all answers to the nearest dollar.)