Analyzing Financial Statement Effects of Bond Redemption $($FSET$)$

Holthausen Corporation issued $$500,000$ of $11\%,20-$year bonds at $108$ on January $1,2016.$ Interest is payable semiannually on June $30$ and December $31.$ Through January $1,2022,$ Holthausen amortized $$5,240$ of the bond premium. On January $1,2022,$ Holthausen will retire the bonds at $103.$ Record the issue and retirement of these bonds in the financial statement effects template.

$$Note: Use negative signs with your answers, when appropriate.