On January $2,2020,$ Oriole Corporation issued $\backslash$$$1,800,000$ of $10\backslash \%$ bonds at $99$ due December $31,2029.$ Interest on the bonds is payable annually each December $31.$ The discount on the bonds is also being amortized on a straight$-$line basis over the $10$ years. $($Straight$-$line is not materially different in effect from the preferable "interest method."$)$ The bonds are callable at $102($i$.$e$.,$ at $102\backslash \%$ of face value$),$ and on January $2,2025,$ Oriole called $\backslash$$$1,080,000$ face value of the bonds and redeemed them. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Oriole as a result of retiring the $\backslash (\backslash$$ $1,080,000\backslash )$ of bonds in $2025.($Round answer to $0$ decimal places, e$.$g$.38,548.)$ Loss on redemption $\backslash$$ Prepare the journal entry to record the redemption. $($Round answers to $0$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$