4: On April 30, 2010, Razan Company issued 8% bonds with a par value of 180,000 due in 20 years. They were issued at 82.8 to yield 10% and were callable at 102 at any date after April 30, 2018. Because of lower interest rates and a significant change in the company's credit rating, it was decided to call the entries issue on April 30, 2019, and to issue new bonds. New 6% bonds were sold in the amount of 240,000 at 112.5 to yield 5%; they mature in 20 years. Interest payment dates are October 31 and April 30 for both and new bonds. Instructions At journal entries to record the retirement of the old issue and the sale of the new issue on April 30, 2019, compute Loss on Extinguishment of Bonds. Unamortized discount is 23694