Hermes Company issues $6,000,000 face value of bonds at 96 on January 1, 2016. The bonds are dated January 1, 2016, pay interest semiannually at 8% on June 30 and December 31, and mature in 10 years. Straight-line amortization is used for discounts and premiums. On September 1, 2019, $3,600,000 of the bonds are called at 102 plus accrued interest.

What gain or loss would be recognized on the called bonds on September 1, 2019?

	$271,500 loss
	$216,000 loss
	$360,000 loss
	$163,200 loss