Redemption of a Bond at Maturity Ori March 31, 2016, 5ammonds Inc issued \$205,000 face value bonds at a discount of \$4,000, The bonds were retired at their matunty date. Mareh 31 , 2036. Reculred Aasuming that the last interest payment and the amortization of the discount have already been recorded, calculate the gain or loss on the redernotion of the bends on Macch 31, 2026. Prepare the journal entry for the redemption of the bonds: How does thes entry affect the accounting equation? Inaleate the effect on Financal statement items by selecting "." for decrease (or negative effect). "*" for increase (or positive effect) and "NE" for No Entry (or no effect) on the fitiandal staternent. * Gus 13 his Since the benas are fully matuned, the carrying valien equals tha face value and there will be fogain or loss on the redermption of the bends