Crane Company had bonds outstanding with a maturity value of $329,000. On April 30, 2025, when these bonds had an unamortized discount of $10,000, they were called in at 106. To pay for these bonds, Crane had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 101 (face value $329,000). Ignoring interest, compute the gain or loss. Ignoring interest, prepare the two entries to record this refunding transaction. (If no entry is required, select "No Entry" for the dxcount titles and enter O for the amounts. Credit occount titles are outomatically indented when the amount is entered. Do not indent manualh: List alf debit entries before credit entries)