A corporation authorized the sale of P2,000,000 of 12%, 10-year debentures on January 1, 2019. Interest is payable on January 1 and July 1. The entire issue was sold on April 1, 2019, at 102 plus accrued interest. On April 1, 2024, P1,000,000 of the bond issue was reacquired and retired at 99 plus accrued interest. On June 30, 2024, the remaining bonds were reacquired at 97 plus accrued interest and refunded with an issue of P1,600,000 of 9% bonds which were sold at 100. How much was the gain or loss on retirement on April 1 and June 30, 2024 respectively? OP19.828 loss and P39. 310 loss O P19.744 loss and P39.321 loss O P19.828 gain and P39, 310 gain O P19.744 gain and P39.321 gain