On January $1,$ Year $1$ Residence Company issued bonds with a $$50,000$ face value. The bonds were issued at face value. They had a $20$ year term and a stated rate of interest of $7\%.$ Which of the following journal entries is necessary to recognize the payoff of the bond liability on December $31,$ Year $20($the maturity date$)?($This payment is separate from the interest payment.$)$