X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Interest Expense Decrease in Carrying Value Cash Paid Date 01/01/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 $12,535 12,535 12,535 12,535 12,535 $11,873 11,804 11,727 11,642 11,549 $662 731 808 893 986 Carrying Value $113,080 112,418 111,687 110,880 109,987 109,000 X2 buys back the bonds for $112,180 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would X2 record on this date? X2 buys back the bonds for $112,180 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would X2 record on this date? Multiple Choice $1,382 loss. No gain or Loss. $3,180 gain. $493 loss