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This information is used in two questions. At January 1 , 2 0 2 5 , Bewolkt Corporation's balance sheet included 1 2 % bonds

This information is used in two questions. At January

1, 2025,

Bewolkt Corporation's balance sheet included

12 %

bonds having a face amount of $

90

million and $

3

million of remaining discount. On January

1, 2025,

Bewolkt called the bonds before their maturity at the call price of

101 .

What would Bewolkt record for gain or loss on this transaction?

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