On 12/31/16, Troy Inc. issued 12-year, 5.5% bonds with a face value of $8,000,000. The bonds were issued for a price to yield a market rate of 6.25%. The bonds are callable on any coupon date, at a redemption price equal to 105 plus accrued interest. During 2019, market interest rates declined to 4.05% and Troy called the bonds on 12/31/19. What was the gain (or loss) recognized by Troy for its early payoff of the bonds on 12/31/19?