3 E9-28B. (Learning Objectives 1, 3: Account for bonds payable retired prior to maturitn) January 1, 2017, Ditchey Corporation issued five-year, 6% bonds payable with a face valurk of $3.500,000. The bonds were issued at 96 and pay interest on January I and July 1. Diche amortizes bond discounts using the straight-line method. On December 31, 2019, Ditchey retired the bonds early by purchasing them at a market price of 99. The company's fisca year ends on December 31. Requirements " 1. Journalize the issuance of the bonds on January 1,2017 2. Record the semiannual interest payment and amortization of bond discount on July I. 2017 3. Record the interest accrual and discount amortization on December 31, 2017. 4. Calculate the carrying value of the bonds payable on December 31, 2019, prior to their retirement. 5. Calculate the gain or loss on the retirement of the bonds payable on December 31,2019 Indieate where this gain or loss will appear in the financial statements