The balance sheet for Splish Brothers Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $1,740,000 Less: Discount on bonds payable 139,200 $1,600,800 Splish Brothers decides to redeem these bonds at 104 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)