On the first day of 2021, TrueTech Companies had outstanding $1,000,000 of 12% bonds with a book value of $972,000. Truetech called the bonds on July 1, 2021 at the price of $988,500. The bonds were previously issued at a price to yield 14% and interest payable semi-annually on July 1 and January 1. What is the amount of the loss on early extinguishment? Multiple Choice O $8,099 $0. $8,460. $8,040,