On January $2,2015,$ Shamrock Corporation issued $$1,450,000$ of $10\%$ bonds at $97$ due December $31,2024.$ Interest on the bonds is payable annually each December $31.$ The discount on the bonds is also being amortized on a straight$-$line basis over the $10$ years. $($Straight$-$line is not materially different in effect from the preferable "interest method." The bonds are callable at $102(.$e$.,$ at $102\%$ of face amount$),$ and on January $2,2020,$ Shamrock called $$870,000$ face amount of the bonds and redeemed them. Ignoring income taxes compute the amount of loss, if any, to be recognized by Shamrock as a result of retiring the $$870,000$ of bonds in $2020.($Round answer to decimal places, eg$.38,548.)$ Loss on redemption $ Prepare the journal entry to record the redemption. $($Round answers to decimal places, eg$.38,548.$ If no entry is required, select $"$No Entry" for the account to the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually$)$ Date Account Titles and Explanation Debit Credit January $2,2020$