On January 2, 2020, Vaughn Corporation issued $1,350,000 of 10% bonds at 99 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, Vaughn called $810,000 face value of the bonds and redeemed them. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Vaughn as a result of retiring the $810,000 of bonds in 2025. (Round answer to O decimal places, e. 38,548.) Loss on redemption Prepare the journal entry to record the redemption. (Round answers to O decimol ploces, es. 38,548. If no entry is required, select 'No Entry" for the account tities and enter O for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)