On January 2, 2018, Crane Corporation, a small company that follows ASPE, issued $1.8 million of 10% bonds at 98 due on December 31, 2027. Legal and other costs of $180,000 were incurred in connection with the issue. Crane has a policy of capitalizing and amortizing the legal and other costs incurred by including them with the bond recorded at the date of issuance. Interest on the bonds is payable each December 31 . The $180,000 of issuance costs are being deferred and amortized on a straight-line basis over the 10 -year term of the bonds. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (The straight-line method is not materially different in its effect compared with the effective interest method.) The bonds are callable at 102 (that is, at 102% of their face amount), and on January 2,2023, the company called a face amount of $1,000,000 of the bonds and retired them. How would the amount of the loss calculated in part (a) differ if Crane's policy had been to carry the bonds at fair value and thus expense the costs of issuing the bonds at January 2, 2018? Assuming that Crane had followed this policy. prepare the journal entry to record the retirement. Assume the redemption price approximates fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts. List debit entry before credit entry)