Cheyenne, Inc. had outstanding $$5,540,000$of $11\%$ bonds$($interest payable on July $31$ and January $31)$due in $10$ years. On July $1,$it issued $$8,870,000$ of $10\%,15$year bonds $($interest payable July $1$ and January $1)$ at $99.$ A portion of the proceeds was used to call the $11\%$ bonds $($with unamortized discount of $$55,400)$ at $101$ August $1.$