Mazzeo Company Acquires 80 Dodd's 10%, 5 Year, $1,000 Bonds

Mazzeo Company acquires 80 Dodd's 10%, 5 year, $1,000 bonds on January 1, 2022 for $80,000.If Mazzeo sells all of its Dodd's Bonds for $78,900 what gain or loss is recognized?

A) Loss of $9,100
B) Loss of $1,100
C) Gain of $1,100
D) Gain of $9,100