On January 2, 2020, Caria Corporation issued $1,200,000 of 10% bonds at 96 due December 31,2029 . 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 101 (i.e., at 101\% of face value), and on January 2, 2025, Carla called $720,000 face value of the bonds and redeemed them. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Carla as a result of retiring the $720,000 of bonds in 2025. (Round answer to 0 decimal places, e.8. 38.548.) Loss on redemption $ Prepare the journal entry to record the redemption. (Round answers to 0 decimal places, e.9. 38.548 . If no entry is required. select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Da not indent manually. List all debitlentries before credit entries.)