Six $10,000, 7.7% bonds with semi-annually coupons redeemable at par on March 02, 2021, were bought on September 4, 2005, to yield 6.1% compounded semi-annually. The bonds were sold on June 21, 2014, at 97.85. Find the gain or loss on the sale of the bonds without constructing a bond schedule. The V on the sale is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)