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Premium Pizza retires its 5% bonds for $52,000 before their scheduled maturity. At the time, the bonds have a face value of $49,600 and a

Premium Pizza retires its 5% bonds for $52,000 before their scheduled maturity. At the time, the bonds have a face value of $49,600 and a carrying value of $53,927.

Record the early retirement of the bonds.

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