EKM Inc. has bonds outstanding with a par value of $150,000. The unamortized discount on these bonds is $8,500. The company retired these bonds by buying them on the open market at 99. What is the gain or loss on this retirement?

		$7,000 gain.
		$1,500 gain.
		$1,500 loss.
		$0 gain or loss.
		$7,000 loss.