At December 31, 2020 the following balances existed on the books of Patel Corporation: $6,000,000 Bonds Payable Discount on Bonds Payable Interest Payable 840,000 150,000 If the bonds are retired on January 1, 2021, at 102, what will Patel report as a loss on redemption? $960,000 $810,000 $600,000 $1.110,000