Pharoah Company purchased $1240000 of 8%, 5-year bonds from Carlin, Inc. on January 1, 2021, with interest payable on July 1 and January 1. The bonds sold for $1289496 at an effective interest rate of 7%. Using the effective interest method, Pharoah Company decreased the Available-for-Sale Debt Securities account for the Carlin, Inc. bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $4648 and $4792, respectively. At February 1, 2022, Pharoah Company sold the Carlin bonds for $1276400. After accruing for interest, the carrying value of the Carlin bonds on February 1, 2022 was $1280500. Assuming Pharoah Company has a portfolio of available-for-sale debt investments, what should Pharoah Company report as a gain (or loss) on the bonds?