Blossom Company received proceeds of $777000 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $824000, 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? O $37600 gain O $62320 loss O $37600 loss O $62320 gain