Oriole Company received proceeds of $150400 on 10-year, 8% bonds issued on January 1, 2018. The bonds had a face value of $160000, pay interest annually on January 1, and have a call price of 101. Oriole uses the straight-line method of amortization. Oriole Company decided to redeem the bonds on January 1, 2020. What amount of gain or loss would Oriole report on its 2020 income statement? $9280 gain $9280 loss $7680 loss $7680 gain Click if you would like to Show Work for this questions Open Show Work