Question 10 of 12 -/2 E View Policies Current Attempt in Progress On January 2, 2015, Bridgeport Corporation issued $1,650,000 of 10% bonds at 96 due December 31, 2024. 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 101.6.e. at 101% of face amount) and on January 2, 2020, Bridgeport called $990,000 face amount of the bonds and redeemed them Ignoring income taxes, compute the amount of loss, if any, to be recognized by Bridgeport as a result of retirine the 5990,000 of bonds in 2020. (Round answer to decimal places, eg, 38,548.) Loss on redemption $ Prepare the journal entry to record the redemption (Round answers to decimal places, eg, 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Date Account Titles and Explanation Credit January 2, 2020 -72 Prepare the journal entry to record the redemption (Round answers to decimal places, eg, 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 2, 2020 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit