Scenic Gondola Inc. $($SGI$)$ purchased a large tract of land in the Okanagan Valley for development as a one stop tourist destination with a $300$ metre sightseeing Gondola. To fund this purchase. SGI issued the following $5$ year bonds on January $1,2023.$

Number of bonds

$10,000$

Face value per bond

$$1,000$

Coupon rate $($annual ratel

$6\%$

Semi annual coupon payment dates

June $30$

December $31$

Priced to yield $($annual rate$)$

On January $1,2026,$ SGI called $6,800$ of the bonds paying, $103$ and retired them. You can assume that SGi reports under IFRS and uses the effective interest rate method of accounting for bonds payable.

What is the amount of the gain $($enter as positivel or loss $($enter as negative$)$ that SGI will record on the reacquisition of the bonds?