Whispering Winds Corporation had bonds outstanding with a maturity value of $540,000. On April 30, 2020, when these bonds had an unamortized discount of $10,000, they were called in at 102. To pay for these bonds, Whispering Winds had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 101 (face value $540,000). Issue costs related to the new bonds were $3,800. All issue costs were capitalized. Whispering Winds 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.) Debit Credit Date Account Titles and Explanation April 30, 2020 (To record redemption of bonds payable) March 31, 2020 (To record issuance of new bonds)