On January $1,2020,$ Sarg Corporation issued $$9,000,000$ of $10\%$ ten$-$year bonds at $103.$ The bonds are callable at the option of Sarg at $105.$ Sarg has recorded amortization of the bond premium on the straight$-$line method $($which was not materially different from the effective$-$interest method$).$

On December $31,2026,$ when the fair value of the bonds was $96,$ Sarg repurchased $$2,000,000$ of the bonds in the open market at $96.$ Sarg has recorded interest and amortization for $2026.$ Ignoring income taxes and assuming that the gain is material, Sarg Corporation should report this reacquisition as which of the following?