Bramble Company received proceeds of $319600 on 10-year, 8% bonds issued on January 1, 2018. The bonds had a tace value of $340000, pay interest annually on January 1, and have a call price of 101. Bramble uses the straight-line method of amortization Bramble Corp. decided to redeem the bands on January 1, 2020. What amount of gain or loss would Bramble report on its 2020 Income statement? 516320 loss O $19720 loss $19720 gain O $16320 gain