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On December 31, 2025, Ford issues $5,000,000 5%, 5-year bonds. Interest is paid semiannually each June 30 & December 31. The bonds sell at a

On December 31, 2025, Ford issues $5,000,000 5%, 5-year bonds. Interest is paid semiannually each June 30 & December 31. The bonds sell at a price of 96; Loon uses the straight-line method of amortizing bond discount/premium.

The bonds were retired June 30, 2026 for 96. Compute the gain or loss on retirement. Round ONLY your final answer to the nearest dollar and enter as a negative if a loss.

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