Dott Manufacturing retired its $$6,000,000$ par value $7\%,10-$year bonds early on February $28,2022,$ for $$6,720,408,$ including accrued interest of $$70,000.$ The carrying value of the bonds at retirement was $$6,330,956.$ What is the gain or loss on early retirement? Prepare the journal entry to record the derecognition of the obligation.

What is the gain or loss on early retirement?

The on early retirement is

Prepare the journal entry to record the derecognition of the obligation. $($Record debits first, then credits.

Exclude explanations from any journal entries.$)$

$\backslash$table$[[$Account$,$Retirement Date,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$