Blue Spruce Corporation had bonds outstanding with a maturity value of $490,000. On April 30,2023 , when these bonds had an unamortized discount of $9,000, they were called in at 104 . To pay for these bonds, Blue Spruce had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 9 years. The new bonds were issued at 103 (face value $490,000 ). Issue costs related to the new bonds were $2,800. All issue costs were capitalized. Blue Spruce prepares financial statements in accordance with IFRS. Ignoring interest, calculate the gain or loss and record this refunding transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List al debit entries before credit entries.)