ABC Company issued $200,000 face value bonds on January 1, 2017, with semiannual interest payments to be made on June 30 and December 31 at a contract rate of 10%. The bonds were scheduled to mature five years after they were issued. On January 1, 2020, three years after the bonds were issued, the company repurchased 40% of the outstanding bonds for $79,000.Assume that the bonds were issued when the market rate of interest was 9%

How do i prepare the journal entry to recognize the partial repurchase of the bonds?