Mitchell Inc. issued 64,10%,$1,000 bonds on January 1,2020 , for $70,006. The bonds pay cash interest semiannually each June 30 , and December 31 , and were issued to yield 8%. The bonds mature December 31,2025 , and the company uses the effective interest method to amortize bond discounts or premiums. On January 1 , 2020, Mitchell Inc. elects to account for the bonds using the fair value option. At December 31,2020 , the market rate on the bonds is 9%. Required: 1. The carrying value of the bonds on December 31,2020 is $ 2. The fair value of the bonds on December 31, 2020 is \$ 3. The amount of unrealized holding gain or loss is $ . (Fill in the last blank with "gain" if there is an unrealized holding gain or "loss" if there is an unrealized holding loss) Note: Don't round until the final answer. Round the final answer to the nearest dollar