The balance sheet of Indian River Electronics Corporation as of December $31,2020,$ included $13\%$ bonds having a face amount of $$90\mathrm{.}3$ million. The bonds had been issued in $2013$ and had a remaining discount of $$3\mathrm{.}3$ million at December $31,2020.$ On January $1,2021,$ Indian River Electronics called the bonds before their scheduled maturity at the call price of $102.$

Required:

Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January $1,2021.$