During 2023, Monty Inc. purchased 2400, \$1000, 9% bonds. The bonds mature on March 1 , 2028 and pay interest on March 1 and September 1 . The carrying value of the bonds at December 31, 2023 was $1967250. On September 1, 2024, after the semi-annual interest was received, Brandon sold half of these bonds for $1021600. Monty uses straight-line amortization and has accounted for the bonds under the amortized cost model. The gain on the sale is $72595. $0. $3355. $37975