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Bonds payable has a balance of 1,078,000 and Discount on bonds payable has a balance of 12,936. If the issuing corporation redeems the bonds at

Bonds payable has a balance of 1,078,000 and Discount on bonds payable has a balance of 12,936. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption?

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