The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 12.5% bonds having a face amount of $90.1 million. The bonds had been issued in 2010 and had a remaining discount of $3.1 million at December 31, 2017. On January 1, 2018, Indian River Electronics called the bonds before their scheduled maturity at the call price of 103. Required: Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2018. (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.) View transaction list Journal entry worksheet Record the redemption of the bonds. Note: Enter debits before credits. Debit Credit 90,100.000 Date General Journal January 01, 2018 Bonds payable Loss on early extinguishment Discount on bonds payable Cash 3.100.000 Record entry Clear entry View general journal