On January $1,2020,$ Novotna Company pur$-$

chased $$400,000,8\%$ bonds of Aguirre Co$.$ for $$369,114.$ The bonds were purchased to yield $10\%$ inter$-$

est. Interest is payable semiannually on July $1$ and January $1.$ The bonds mature on January $1,2025.$

Novotna Company uses the eff ective$-$interest method to amortize discount or premium. On January $1,2022,$

Novotna Company sold the bonds for $$370,726$ after receiving interest to meet its liquidity needs.

Prepare the journal entry to record the sale of the bonds on January $1,2022.$