Carla Vista Company purchased $ 1150000 of 8%, 5-year bonds from Carlin, Inc. on January 1, 2021, with interest payable on July 1 and January 1. The bonds sold for $ 1200396 at an effective interest rate of 7%. Using the effective interest method, Carla Vista Company decreased the Available-for-Sale Debt Securities account for the Carlin, Inc. bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $ 3748 and $ 3892, respectively. At February 1, 2022, Carla Vista Company sold the Carlin bonds for $ 1185500. After accruing for interest, the carrying value of the Carlin bonds on February 1, 2022 was $ 1190500. Assuming Carla Vista Company has a portfolio of available-for-sale debt investments, what should Carla Vista Company report as a gain (or loss) on the bonds?

a. $ -5000.

b. $0.

c. $ -9896.

d. $ -14896.