Swifty Corporation had bonds outstanding with a maturity value of $510,000. On April 30, 2020, when these bonds had an unamortized discount of $8,000, they were called in at 102. To pay for these bonds, Swifty had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 8 years. The new bonds were issued at 101 (face value $510,000). Issue costs related to the new bonds were $4,000. All issue costs were capitalized. Swifty prepares financial statements in accordance with IFRS. Ignoring interest, calculate the gain or loss and record this refunding transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
April 30, 2020	enter an account title to record redemption of bonds payable	enter a debit amount	enter a credit amount
	enter an account title to record redemption of bonds payable	enter a debit amount	enter a credit amount
	enter an account title to record redemption of bonds payable	enter a debit amount	enter a credit amount
	(To record redemption of bonds payable)
March 31, 2020	enter an account title to record issuance of new bonds	enter a debit amount	enter a credit amount
	enter an account title to record issuance of new bonds	enter a debit amount	enter a credit amount
	(To record issuance of new bonds)