Crane Company purchased $2950000 of 7%,5-year bonds from Bramble, Inc. on January 1, 2021, with interest payable on July 1 and January 1. The bonds sold for $3075740 at an effective interest rate of 6%. Using the effective-interest method, Crane Cormpany decreased the Available-for-Sale Debt Securities account for the Bramble. Inc. bonds on July 1,2021 and December 31,2021 by the amortized premiums of $10520 and $10880, Yespectively. At April 1, 2022, Crane Company sold the Bramble bonds for $3040000. After accruing for interest, the carrying value of the Bramble bonds on April 1, 2022 was $3047440. Assuming Crane Company has a portfolio of Available-for-Sale Debt Securities, what should Crane Company report as a gain or loss on the bonds? $0. $125740. $21400 $7440