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Current Attempt in Progress On January 2 , 2 0 2 0 , Ayayai Corporation issued $ 1 , 8 0 0 , 0 0

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On January 2,2020, Ayayai Corporation issued $1,800,000 of 10% bonds at 99 due December 31,2029. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method.")
The bonds are callable at 102(i.e., at 102% of face value), and on January 2,2025, Ayayai called $1,080,000 face value of the bonds and redeemed them.
Ignoring income taxes, compute the amount of loss, if any, to be recognized by Ayayai as a result of retiring the $1,080,000 of bonds in 2025.(Round answer to 0 decimal places, e.g.38,548.)
Loss on redemption $
Prepare the journal entry to record the redemption. (Round answers to 0 decimal places, e.g.38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
Date , Account Titles and Explanation
January 2,
2025
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