Current Attempt in Progress

On its December $31,2024$ balance sheet, Ivanhoe Corp, reported bonds payable of $$6050000.$ The bonds had been issued at par. On January $2,2025,$ Ivanhoe retired $$3025000$ of the outstanding bonds at par plus a call premium of $$70000.$ What amount should tvanhoe report in its $2025$ income statement as a loss on extinguishment of debt?

$$0$

$$70000$

$$30250$

$$35000$

Attempts: $0$ of $1$ used $$