On January 2,2020 , Pearl Corporation issued $1,700,000 of 100 bonds at 97 due December 31.2029 . Interest on the bonds is payable annually each Decomber 31 . The discount on the bonds is also boing amortized on a straight-line basis over the 10 years. iStraight-line a not materially different in effect from the preferable"interest method"? The bonds are celtable at 102 (i.e.. at 102% of face value), and on January 2, 2025, Pearicalled $1,020.000 tace value of the bonds and redeemed them Ignoring income taxes, compute the amount of loss, if amy, to be recognized by Pearl as a result of retiring the $1,020,000 of bonds in 2025. (Round enswer to 0 decimal places, es. 38.548 .) Loss on redemotion Prepane the journal entry to record the redemption. (Round answers to 0 decimal places, e.g. 38,548 . If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts-Credit account tilies are automatically indented when. the amaunt is entered. Do not indent manually. List all debit entries before credit entries.) 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 tities and enter of for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)