Several years ago, Cyclop Company issued bonds with a face value of $1,000,000 for $1,145,000. As a result of declining interest rates. the company has decided to call the bonds at a call premium of 5 percent over par. The bonds have a current book value of $1,039,000. Required: Record the retirement of the bonds, using a premium account. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the retirement of the bonds, using a premium account. Note: Enter debits before credits