On June $30,2025,$ Blue Co$.$ had outstanding $8\%,$ $$5640000$ face amount, $10-$year bonds that pay interest semi$-$annually on June $30$

and December $31.$ The unamortized balance in the bond discount account on June $30,2025$ was $$200000.$ On June $30,2025,$ Blue

acquired all of these bonds at $102$ and retired them. What amount of gain or loss would Blue record on this early extinguishment of

debt?

$$575280$ gain

$$200000$ gain

$$364000$ loss

$$312800$ loss