On January 1, 2022, Gorski Corp. purchased $1,000,000, 10% bonds for $1,040,000. These bonds were to mature on January 1, 2032, but were redeemable at 102 any time after December 31, 2025. Interest was payable semiannually on July 1 and January 1. On July 1, 2028, Gorski redeemed all of the bonds. Bond premium was amortized on a straight-line basis. Gorski's gain or loss in 2028 was: Select one: a. $20,000 loss b. $12,000 loss O c. $6,000 gain d. $8,000 loss e. $12,000 gain Clear my choice