On January $2,2020,$ Crane Corporation issued $$1,600,000$ of $10\%$ bonds at $99$ due December $31,2029.$ Interest on the bonds is

payable annually each December $31.$ The discount on the bonds is also being amortized on a straight$-$line basis over the $10$ years.

$($Straight$-$line is not materially different in effect from the preferable "interest method."$)$

The bonds are callable at $102($i$.$e$.,$ at $102\%$ of face value$),$ and on January $2,2025,$ Crane called $$960,000$ face value of the bonds and

redeemed them.

Ignoring income taxes, compute the amount of loss, if any, to be recognized by Crane as a result of retiring the $$960,000$ of bonds in

$($Round answer to $O$ decimal places, e$.$g$.38,548.)$