On January 1, 2024, Tiny Tim Industries had outstanding $1,000,000 of 11% bonds with a book value of $974,000. The indenture specified a call price of $990,500. The bonds were issued previously at a price to yield 13% and interest payable semi-annually on July 1 and January 1 . Tiny Tim called the bonds (retired them) on July 1, 2024. What is the amount of the loss on early extinguishment? Multiple Choice $8,190 $0 $8.310 $7,841