Blossom Electric sold $4,120,000, 13%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 95.

At December 31, 2020, $8,000 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020.

On January 1, 2022, when the carrying value of the bonds was $3,930,000, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid.