On January 1, 2020 Jinn Inc. issued 5-year, 10\% \$100,000 bonds for 92.79. The bonds have a market rate of 12% at the time of issuance and pay interest annually on December 31 st each year. One year later on January 1, 2021, Jinn Inc. retires the $100,000 bonds by repurchasing them in the market for $95,000. What is the amount of gain or loss on the retirement of the bonds? (Round to the nearest dollar)