Bond Terrier Inc., a publicly listed company, issues 15 year callable at the issuer's option) and convertible (at the holder's option) bonds with a face value of $1,000,000 and a coupon rate of 7.00% for $880,000. Bond interest is paid semi- annually and the company amortizes any bond discount or premium using the effective interest rate method. When the bonds are issued, the prevailing market interest rate (yield or effective interest rate) for similar debt without a call or conversion option is 9.00%. Option pricing models indicate that the conversion option's value on the date the bonds are issued is $72,000. The bonds are callable at 120% at BondTerrier Inc.'s option. The company calls 100% of the $1,000,000 face value bonds after interest is paid at the end of semi-annual period 14 when similar bonds without a call or conversion option sell on the open maket at 114.05% and the fair value per share is $125. Assume all transactions occur on interest payment dates. Required Provide the journal entry made by Bond Terrier Inc. to record the call of the convertible bonds at the end of semi-annual period 14. (show all supporting calculations)