On January 1, 2018, Tiny Tim Industries Had Outstanding $1,000,000

On January 1, 2018, Tiny Tim Industries had outstanding $1,000,000 of 12% bonds with a book value of $966,130. The indenture specified a call price of $981,000. The bonds were issued previously at a price to yield 14% and interest payable semi-annually on July 1 and January 1. Tiny Tim called the bonds (retired them) on July 1, 2018. What is the amount of the loss on early extinguishment?

A) $0.
B) $6,932.
C) $7,241.
D) $7,629.