Suppose Ants Corporation has $5,400,000 of bonds outstanding with an unamortized premium of $40,000. The call price is 104.00. To reduce interest payments, the company retires half of the bonds at the 97.00 market price. Calculate the gain or loss on retirement, and record the retirement immediately after an interest date (June 30). Calculate the gain or loss on retirement. (Use parentheses or a minus sign for a loss.) What is the gain or loss on retirement? Record the retirement immediately after an interest date. (Record debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest dollar.) Date June 30 Accounts Bonds Payable Cash Discount on Bonds Payable Gain on Retirement of Bonds Interest Payable Loss on Retirement of Bonds Payable Premium on Bonds Payable Debit Credit