On January $2,$ Year $4,$ Early Co$.$ purchased as a short$-$term investment a $$1$ million face amount Thomas Co$.8\%$ bond for $$910,000$ to yield $10\%.$ The bonds mature on January $1,$ Year $11,$ and pay interest annually on January $1.$ On December $31,$ Year $4,$ the bonds had a fair value of $$945,000.$ On February $13,$ Year $5,$ Early sold the bonds for $$920,000.$ In its December $31,$ Year $4,$ income statement, what amount should Early report in earnings as a gain or loss on the bond $($disregarding interest$),$ if it elected the fair value option $($FVO$)$ on January $2,$ Year $4?$

$$(1,000)$

$$0$

$$24,000$

$$35,000$