On June 30, 2021,Waterway Industrieshad outstanding8%, $8020000face amount, 15-year bonds maturing on June 30, 2031. Interest is payable on June 30 and December 31. The unamortized balance in the bond discount account on June 30, 2021 was $361000. On June 30, 2021,Waterwayacquired all of these bonds at94and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt?

$7538800.

$7659000.

$7739200.

$7939000.