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On Jaruary 2,2020, Metlock Corporation issued $1,050,000 of 10 kbonds at 97 doe December 31.2029 . Interest on the bonds is istras cht -ine is

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On Jaruary 2,2020, Metlock Corporation issued $1,050,000 of 10 kbonds at 97 doe December 31.2029 . Interest on the bonds is istras cht -ine is not materially different in effect from the preferable "intereat method? The bonits are cal lable at 102 (ie, at 1025 if face value), and on January 2, 2025, Metiock called $630,000 face value of the bonds and restemed them. tenoring income taxes compute the amount of loss, if any to be recisenized by Metiock as a result of retiring the 5630.000 of bonds in 2025. Round antere to 0 decinal places, es 36.548 , Loss on redemption is

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