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On January 1 , 2 0 2 2 , Copper Labs purchased bonds with a total par value of $ 5 0 , 0 0

On January 1,2022, Copper Labs purchased bonds with a total par value of $50,000. The annual stated (coupon) interest rate on the bonds is 6%. Interest is paid annually on December 31 of each year. The bonds have a ten-year period until they mature on December 31,2031. The bonds were purchased with a market yield of 4.6%, resulting in a total purchase price of $55,512(rounded to the nearest dollar). The bonds are properly classified as trading securities.
Copper Labs is a calendar year-end reporting firm. On December 31,2022, the fair value of the bonds (immediately after the interest payment is received) is $54,172. On December 31,2023, Copper Labs sold all of the bonds (immediately after the interest payment is received) for a total of $54,860. What was the net gain or loss recognized on the income statement in 2023 related to the sold bonds (rounded to the nearest dollar)? Please use a positive number for a gain, and a negative number for a loss.
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