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On April 1, 2016, Exeter Company purchased $252,000, 8% bonds, with interest payable on January 1...

On April 1, 2016, Exeter Company purchased $252,000, 8% bonds, with interest payable on January 1 and July 1, for $130,691, not INCLUDING accrued interest. The bonds mature on July 1, 2024. Amortization is recorded using the straight-line method and the bonds are classified as available-for-sale. On December 31, 2019, the bonds were adjusted to their proper carrying value when their fair value was $216,273.  

Assuming the bonds were sold on February 1, 2020 for $201,442, PLUS accrued interest, determine the gain or loss on the sale of the bonds?   (Note: Round the answer to the nearest whole dollar. Accrue interest and amortize premium/discount on a monthly basis. If a gain results, enter the answer as a positive number. If a loss results, enter a minus sign '-' prior to the amount of the loss.)

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