Cullumber Company received proceeds of $550000 on 10 year, 9% bonds issued on January 1, 2019. The bonds had a face value of $584000, pay interest annually on December 31, and have a call price of 103. Cullumber uses the straight-line method of amortization, Cullumber Company decided to redeem the bonds on January 1, 2021. What amount of gain or loss would Cullumber report on its 2021 income statement? O $27200 gain O $27200 loss $44720 gain $44720 loss