On Jarruary 2, 2009, Banno Corponation isrred 52,170,000 of 10% bonds at 97 due December 31, 2018. Legal and other costs of 527,800 were incurred in conbection with the issue. Interest on the bonds is payable annually each December 31. The $27,800 issue costs are being deferred and amortinat on a straight-line basis over the 10-year term of the bonds. The discoult on the bonds is also being amortired on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest methodf.) The bonds are callable at 102 (i.e, at 102% of face ansount). Banno called the full 52,170,000 face amount of the bonds and rodeemed them. Ignoring income taves, compute the ansount of guin or loss, if any, ab be rocognized by Banno as it readt of retirine the bonds on /anury. 22014