On December 31,2015 , the Peter and Paul Company has a Bonds Payable account with a balance of $100,000 and a related Bond Premium account with a balance of $7,800. On January 1,2016 , the company redeems the bonds at 106 . The Peter and Paul Company should record a of $ of the redemption of these bonds. Use the following abbreviations in the first blank for the gain or loss on the redemption of the bonds: G for Gain L for Loss The second blank is for the amount of the gain or loss. Do not use the $ sign or decimal in the answer. Commas are ok