At December 31, 2020 the following balances existed on the books of Swifty Corporation: Q Bonds Payable $7050000 Discount on Bonds Payable 974000 Interest Payable 173000 Mo Qu Mu If the bonds are retired on January 1, 2021, at 103, what will Swifty report as a loss on redemption? Qu $705000 $950000 $1185500 $1358500 Mul Qu Mult Que Mult