On January $1,2016,$ F Corp. Issued $3,100$ of its $9\%,$$$1,000$ bonds for $$3,198,000.$ These bonds were to mature on

January $1,2026,$ but were callable at $101$ any time after December $31,2019.$ Interest was payable semlannually on July $1$

and January $1.$ On July $1,2021,$ F called all of the bonds and retired them. The bond premlum was amortized on a

straight$-$Iline basis. Before income taxes, F Corp.$\text{'}$s gain or loss in $2021$ on this early extingulshment of debt was:

Multiple Choice

$$13,100$ galn.

$$31,000$ loss.

$$80,000$ galn.

$$22,900$ gain.