On January 1, 2025, Ivanhoe Corporation redeemed $480,000 of bonds at 96. At the time of redemption, the unamortized premium was $14,400. 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 the amount is entered. Do not indent manually. List all debit entries before credit entries.)