StormDrippers has a balance sheet as of December 31, 2023. Their balance sheet includes 13.50% bonds having a face amount of $90.5 million. The bonds had been issued in 2016 and had a remaining discount of $3.5 million at December 31, 2023. On January 1, 2024, StormDrippers called the bonds before their scheduled maturity at the call price of 102. Required: Below, please prepare the journal entry by StormDrippers to record the redemption of the bonds at January 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.