Thong Ltd issued a 9% 25 year bond in the principal amount of $30,000,000 on 2 Jan 2015. The bonds pay interest annually at the end of the year and yield 10%. The bond indenture provides that the bonds can be called for redemption in total but not in part at any time before maturity at 104% of the principal amount. On 2 Jan 2021, the company issued a 11% 20 year debenture bond in the principal amount of $40,000,000 at 102% and the proceeds were used to redeem its 9% 25 year mortgage bond issued on 2 Jan 2015. i) Prepare all relevant journal entries to record the issue and redemption of the above bonds. Construct the amortization table where applicable. ii) Indicate the income statement treatment of the gain or loss on bond retirement and the note disclosure.