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Can you please breakdown how to calculate the missing figure? Exercise 175 your answer is partially correct. Try again. Stengle Company retired $500,000 face value,

Can you please breakdown how to calculate the missing figure?
Exercise 175 your answer is partially correct. Try again. Stengle Company retired $500,000 face value, 9% bonds on June 30, 2020 at 96. The carrying value of the bonds at the redemption date was $508,000. Prepare the journal entry to record the redemption of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bonds Payable Premium on Bonds Payable 500000 8000 Gain on Bond Redemption Cash 480000

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