4. value: 1.00 points Exercise 14-23 Early extinguishment [LO14-5] The balance sheet of Indian River Electronics Corporation bonds having a face amount of $91.7 million. The bonds had been issued in 2008 and had a remaining discount of $4.7 million at December 31, 2015. On January 1, 2016, Indian River Electronics called the bonds before their scheduled maturity at the call price of 104 as of December 31, 2015, included 12.25% Required: Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 Record the redemption of the bonds. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2016 Record entry Clear entry View general journal