Bonds Callable

[Janelle101]

Please how do i calculate this problem or am i on the right track. :?: Jason Corporation made the decision to redeem $300,000 of its bonds prior to maturity. The bonds had been issued at a discount, and the balance in the discount account at the time of redemption was $15,000. The corporation’s bond certificates indicated that the bonds could be retired early at 103 (103%). Jason’s retirement of the bonds be:

My Working
Redemption Price – $300,000 * 1.03 = $309,000
Carrying Value – $300,000 - $15,000 = –$285,000 $(24,000) Loss