On January 1, 2015, Swifty Corporation issued $19890000 of 10% ten-year bonds at 102. The bonds are callable at the option of Swifty at 104. Swifty 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, 2021, when the fair value of the bonds was 97, Swifty repurchased $4420000 of the bonds in the open market at 97. Swifty has recorded interest and amortization for 2021. Ignoring income taxes and assuming that the gain is material, Swifty should report this reacquisition as O a gain of $159120. a loss of $159120. a loss of $207120. O a gain of $207120. On January 1, 2015, Swifty Corporation issued $19890000 of 10% ten-year bonds at 102. The bonds are callable at the option of Swifty at 104. Swifty 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, 2021, when the fair value of the bonds was 97, Swifty repurchased $4420000 of the bonds in the open market at 97. Swifty has recorded interest and amortization for 2021. Ignoring income taxes and assuming that the gain is material, Swifty should report this reacquisition as O a gain of $159120. a loss of $159120. a loss of $207120. O a gain of $207120