On January 2, 2020, Martinez Corporation issued $1,700,000 of 10% bonds at 97 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 102 (i.e., at 102% of face value), and on January 2, 2025, Martinez called $1,020,000 face value of the bonds and redeemed them. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Martinez as a result of retiring the $1,020,000 of bonds in 2025. (Round answer to 0 decimal places, e.g. 38,548.) Loss on redemption $