Please answer questions with detialed calculations.

Thank you, 14-14 - LO14-5

Three years ago American Insulation Corporation issued 10 percent. $850,000. 12-year bonds for $795,000. Debt issue costs were $10,000. American Insulation exercised its call privilege and retired the bonds for $840,000. The corporation uses the straight-line method both to determine interest and to amortize debt issue costs. Prepare the journal entry to record the call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)