Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity:

Date	Cash Paid			Interest Expense			Increase in Carrying Value			Carrying Value
01/01/2021										$	370,205
06/30/2021	$	15,600		$	18,510		$	2,910			373,115
12/31/2021		15,600			18,656			3,056			376,171
06/30/2022		15,600			18,809			3,209			379,380
12/31/2022		15,600			18,969			3,369			382,749
06/30/2023		15,600			19,137			3,537			386,286
12/31/2023		15,600			19,314			3,714			390,000

THA buys back the bonds for $374,041 immediately after the interest payment on 12/31/2021 and retires them. What gain or loss, if any, would THA record on this date?

Multiple Choice

• $15,959 gain.

• No gain or loss.

• $2,130 gain.

• $3,836 loss.