On January 1, 2015 Ink Inc. issues 6.5% bonds with face value of $795,000 and interest payable each December 31st and June 30th. The issue price of the bonds is $781,536. The bonds mature on December 31, 2018. The underwriter's fee for the bond issue is $25,000. On December 31, 2017 Ink Inc. decides to retire the debt early at the reacquisition price of $800,000. All adjusting entries for 2017 have been made. What is the gain or loss on the reacquisition? Record a loss as a negative number