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on january 2 , 2 0 1 5 , teal corporation issued $ 1 2 0 0 , 0 0 0 of 1 0 %

on january 2,2015,teal corporation issued $1200,000 of 10% bonds at 96 due december 31,2024.interest on the bonds is payable annually each december 31. the discount on the bond 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 101(i.e.. at 101% of face amount), and on january 2,2020, teal called $720,000 face amount of the bonds and redeemed them. ignoring income taxes , complete the amount of loss ,if any , to be recognized by teal as a result of retiring the $720,000 of bonds in 2020

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