Monty Corporation had bonds outstanding with a maturity value of $470,000. On April 30, 2020, when these bonds had an unamortized discount of $12,000, they were called in at 103. To pay for these bonds, Monty had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 12 years. The new bonds were issued at 102 (face value $470,000). Issue costs related to the new bonds were $3,100. All issue costs were capitalized. Monty prepares financial statements in accordance with IFRS. Ignoring interest, calculate the gain or loss and record this refunding transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit enter an account title to record redemption of bonds April 30, 2020 payable enter a debit amount enter a credit amount enter an account title to record redemption of bonds enter a debit amount enter a credit amount payable enter a debit amount enter a credit amount enter an account title to record redemption of bonds payable (To record redemption of bonds payable) March 31, enter an account title to record issuance of new bonds 2020 enter an account title to record issuance of new bonds enter a debit amount enter a credit amount enter a debit amount enter a credit amount (To record issuance of new bonds)