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Bonds Payable has a balance of $ 1 , 0 8 9 , 0 0 0 and Discount on Bonds Payable has a balance of

Bonds Payable has a balance of $

1, 089, 000

and Discount on Bonds Payable has a balance of $

13, 068 .

If the issuing company redeems the bonds at

98,

what is the amount of gain or loss on redemption?

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