On January 1, 2020 Jinn Inc. issued 10-year, 10% $100,000 bonds for 105, because the market ra of interest on that date was 8%. The bonds pay interest annually on December 31st each year. Ont year later on January 1, 2021, Jinn Inc. retires the $100,000 bonds by repurchasing them in the market for $102,000. What is the amount of gain or loss that Jinn Inc. would record on the retirement of the bonds?

O $1,400 loss

O $2.600 gain

O $2,000 loss

O $2,600 loss

O $1,400 gain