The following information pertains to a bond issue of the Fusso Corporation: Maturity value: $1,000,000 Maturity date: December 31, 2031 Stated interest rate (Coupon rate): 7% Interest payments are made annually on December 31st Date of issue: December 31, 2011 Effective (market) interest rate (Yield to maturity) at issue: 7.5% On December 31, 2022, when the market yield to maturity of the bond was 8.25%, Fusso paid the market price +$20,000 to retire entire bonds. The coupon was paid just before the announcement of the bond retirement. The market value(price) of the bond on December 31, 2022 was \$_ . (xxx,xxx.xx) (For those studied Investment: The market price is 'the clean price', that is the price of a coupon bond not including accrued interest payments. The clean price is typically the quoted price on financial news sites.) Determine the amount of the gain or loss on the bond retirement.(Express gain using + , and loss using -.) ()