On January 2, 2012, Grouper Corporation issued $1,100,000 of 10% bonds at 98 due December 31, 2021. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method".) The bonds are callable at 101 (i.e., at 101% of face amount), and on January 2, 2017, Grouper called $660,000 face amount of the bonds and redeemed them. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Grouper as a result of retiring the $660,000 of bonds in 2017