At December 31, 2020 the following balances existed on the books of Western Corp.: Bonds Payable $6,140,000 Discount on Bonds Payable 850,000 Interest Payable 154,000 If the bonds are retired on January 1, 2021, at 102, what will Western report as a loss on redemption? 1,126,800 818,800 972,800 614,000