Sycamore, Inc. purchased $100,000$ of $8$ percent bonds of Alvarado Industries on January $1,2015,$ at a discount, paying $92,278.$ The bonds mature January $1,2020,$ and yield $10$ percent; interest is payable each July $1$ and January $1.$

Sycamore manages financial assets for the purpose of realizing fair value changes. On December $31,2015,$ when the market rate of interest is $12\%,$ and the fair value of the bonds is $89,934,$ Sycamore will record an unrealized loss of $$