Crane Company sold $$7,400,000,8\%,15$ years bonds on Jaunary $1,2027.$ The bonds were dated Jaunary $1,2027,$ and interest each december $31.$ The bond were sold at $98.($c$)$ At Jaunary $1,2029,$ when the carrying value of the bonds was $$7,278,000,$ the company redeemed the bonds at $102.$ Record the redemption of the bonds assuming that interest for the year had already been paid.