Cornell purchased a 15-year, $90,000 bond from Fulvous Corporation for $72,000 eight years ago. Interest of $9,000 has been amortized over the eight years and added to Cornell's bond basis. In the current year, Fulvous is acquired by Glaucous in a "Type A" reorganization. Cornell exchanges his Fulvous bond for a 7-year, $97,200 Glaucous bond. Complete the statement below that outlines how Cornell should treat this exchange for Federal income tax purposes. Cornell has a $fill in the blank 1