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Sanke International Inc. issued $500,000 of 3%,20-year bonds at 106 on Jan 1, 2016. Cash interest is paid semiannually on June 30 and December 31.

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Sanke International Inc. issued $500,000 of 3%,20-year bonds at 106 on Jan 1, 2016. Cash interest is paid semiannually on June 30 and December 31. From 2016 through Jan 1, 2019, Sanke amortized $6,000 of the bond premium. On Jan 1, 2019. Sanke retired the bonds at 104. Does the company have a gain or loss from the bond retirement

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