On January 1, 2018, Crane Company redeemed its 15-year bonds of $6900000 par value for 101. They were originally issued on January 1, 2006 at 91 with a maturity date of January 1, 2021. Crane amortizes discounts and premiums using the straight-line method. What amount of loss should Crane recognize on the redemption of these bonds (ignore taxes)? Entry field with incorrect answer

$193200

$0

$69000