On 1/1/2020, SF had $1,000,000 of 12% bonds with a book value of $966,130. The bonds were issued previously at a price to yield 14% and interest payable semi-annually on June 30 and December 31. On 1/1/2020, SF retired the bonds by paying cash of $950,000. What amount of gain or loss should SF recognize on this early extinguishment of bonds? Also, prepare a journal entry related to the early extinguishment of bonds.