Concord Corporation received proceeds of $235000 on 10-year, 896 bonds issued on January 1, 2015, The bonds had a face value of $250000, pay interest annually on January 1, and have a call price of 101. Concord uses the straight-line method of amortization. Concord Corporation decided to redeem the bonds on January 1, 2017. What amount of gain or loss would Concord report on its 2017 income statement? $14500 gain $14500 loss O $12000 gain O $12000 loss