Marin Company received proceeds of 518100 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of 550000, pay interest semi-annually on June 30 and December 31, and have a call price of 105. Marin uses the straight-line method of amortization. Marin Company decided to redeem the bonds on January 1, 2020. What amount of gain or loss would Marin report on its 2020 income statement?

53020 gain

53020 loss

25520 gain

25520 loss