On January 1, 2012, J & J Corp. issued 1,000 of its 10%, $1,000 bonds for $1,040,000. These bonds were to mature on January 1, 2022 but were callable at 101 any time after December 31, 2014. Interest was payable semiannually on July 1 and January 1. On July 1, 2015, J & J called all of the bonds and retired them. Bond premium was amortized on a straight-line basis. Before income taxes, J & J's gain or loss in 2015 on this early extinguishment of debt was how much?