On December 1, 2008, C.R. Bard purchased $451,000, 7% bonds, with interest payable on January 1 and

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On December 1, 2008, C.R. Bard purchased $451,000, 7% bonds, with interest payable on January 1 and July 1, for $343,970, INCLUDING accrued interest. The bonds mature on April 1, 2017. Amortization is recorded using the straight-line method and the bonds are classified as available-for-sale. On December 31, 2011, the bonds were adjusted to their proper carrying value when their fair value was $330,141. The fair market value of the bonds on December 31, 2010 was $316,897. Assuming the bonds were sold on August 1, 2012 for $366,948, PLUS accrued interest, determine the gain or loss on the sale of the bonds? Note: Accrue interest and amortize premium/discount on a monthly basis. Round your answer to the nearest whole dollar. If a gain results, enter your answer as a positive number. If a loss results, place a minus sign '-' prior to the amount of the loss.