"On June 30, Year 17, Prouty Co. had outstanding 9%, $5,000,000 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, Year 17 was $200,000. On June 30, Year 17, Prouty acquired all of these bonds at 101 and retired them. What amount of gain or loss would Prouty record on this early extinguishment of debt?"

$200,000 gain"
		$505,000 gain"
		"$250,000 loss"
		"$300,000 loss"