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(k) (2 points) On Jauuary 1, 1998, Fox Corp. issued 1,000 of its 10%,$1,000 honds for 51 040,000. These bonds were to mature on January

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(k) (2 points) On Jauuary 1, 1998, Fox Corp. issued 1,000 of its 10%,$1,000 honds for 51 040,000. These bonds were to mature on January 1, 2008 but were callable at 101 any time after December 31, 2001. Interest was payable semiannually on July 1 and January 1. On July 1, 2003, Fox called all of the bonds and retired them. Bond premiun was amortized on a straight-line basis. Before income taxes, what amount of Fox's gain or Los in the 2003 income statement should be recorded on this early extinguishment

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