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On January 1, 2020, Indigo Corporation redeemed $490,000 of bonds at 97. At the time of redemption, the unamortized premium was $14,700. Prepare the corporation's

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On January 1, 2020, Indigo Corporation redeemed $490,000 of bonds at 97. At the time of redemption, the unamortized premium was $14,700. Prepare the corporation's journal entry to record the reacquisition of the bonds. (if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, eg. 38,548.) Account Titles and Explanation Debit Credit

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