Carla VistaCapital Ltd. issued620$1,000bonds at105. After issuance, similar bonds were sold at99. Assume thatCarla VistaCapital Ltd. follows ASPE and valued the debt component of the instruments first, applying the residual to the equity component. On a date when the bonds had a carrying value of $615,500and fair value of $619,010,Carla Vistapaid $660,000in cash to the bondholders to retire the bonds early.

Record the retirement using the book value method.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)