Please find the stockholder's equity, loss on retirement of bonds and net income. Thank you!

Retirement of Bonds Payable on the Statement of Cash Flows-Indirect Method Bluestone Company has the following debt outstanding on December 31, 2017: 10% bonds payable, due 12/31/21 $498,000 Discount on bonds payable (40,000) $458,000 On this date, Bluestone retired the entire bond issue by paying cash of $507,960. Required: 1. Identify and analyze the transaction to record the bond retirement. Activity Financing Accounts Cash Decrease, Bonds Payable Decrease, Discount on Bonds Payable Decrease, Loss on Retirement of Bonds Increase Statement(s) Balance Sheet and Income Statement Feedback How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Remember: if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. Balance Sheet Income Statement Stockholders' Net Assets Liabilities Equity Revenues Expenses Income Cash -507,960 Bonds Payable -498,000 -9,960 x No Entry 07 Loss on Retirement of Bonds -507,960 0 X No Entry 0 Discount on Bonds Payable 40,000 0 No Entry 0 0 No Entry 0 0