ABC Co. retires its $500,000 face value bonds at 105 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $538,000. Indicate if the company recorded a Gain or Loss and How Much on the date of redemption. (Must show on answer sheet if it's a Gain or Loss and the Amount) On January 1, 2018, ABC Company, issued its 10% bonds in the face amount of $8,000,000, which mature on January 1, 2028. The bonds were issued for $9,080,000 to yield 8%, resulting in bond premium of $1,080,000. Solis uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2018, Solis's adjusted unamortized bond premium should be