On January 1, 2018, TT issued 12% bonds with a face amount of $1,000,000, and the bonds sold for $966,130. The bonds specified a call price of $981,000. The bonds were issued previously at a price to yield 14%. TT called the bonds (retire them) on July 1, 2018. What is amounts of gains or losses due to the early retirement of bonds? a. $7,629 of gain on early retirement b. $7,629 of loss on early retirement c. $7,241 of gain on early retirement d. $7,241 of loss on early retirement