Several years ago, Nicole Company issued bonds with a face value of $1,100,000 for $995,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 5 percent over par. The bonds have a current book value of $1,076,000. Required: Record the retirement of the bonds, using a discount account. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits