The long-term liability section of Myriad Digital Corporations balance sheet as of December 31, 2016, included 6% bonds having a face amount of $800,000 and a remaining discount of $70,080. Disclosure notes indicate the bonds were issued to yield 8%. Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2017, Myriad Digital retired the bonds at 101 before their scheduled maturity. What is the amount of gain (loss) on early extinguishment of bonds?

a.) $72,883 b.) $(72,883) c.) $(69,432) d.) $(64,303)