On January 1,2020, Sheridan Corporation issued $4,600,000 of 10% bonds at 102 due December 31,2029 . Sheridan paid $79,000 in bond isste costs when the bonds were tssue to the market. These will be amortized over the life of the bond. The premium on the bonds is also being amortized on astraight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method"] The bonds are callable at 104 (i.e. at 104\% of face amount), and on January 2, 2025. Sheridan called one-half of the bonds and retired thern. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Sheridan as a result of retiring the $2,300,000 of bonds in 2025 . Losson redemption s Prepare the journal entry to record the retirement, (If no entry is required, select "No Entry" for the account tities and enter ofor the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries befor credtentries