On January 1, 2013, F Corp. issued 2,600 of its 10%, $1,000 bonds for $2,680,000. These bonds were to mature on January 1, 2023, but were callable at 101 any time after December 31, 2016. Interest was payable semiannually on July 1 and January 1. On July 1, 2018, F called all of the bonds and retired them. The bond premium was amortized on a straight-line basis. Before income taxes, F Corp.'s gain or loss in 2018 on this early extinguishment of debt was: $18,000 gain. 10 0 0 0 $10,000 gain $26,000 loss. $66,000 gain.