0 Required information The following information applies to the questions displayed belowj On January 1, 2015, Shay issues $390,000 of 8%, 20-year bonds at a price of 9700. Six years later, on January 1, 2021, Shay retires 20% of these bonds by buying them on the open market at 104.50. All interest is accounted for and paid through December 31, 2020, the day before the purchase. The straight-line method is used to amortize any bond discount. 6. What is the amount of the recorded gain or loss from retiring the bonds? Los on retirement