The balance sheet of Indian River Electronics Corporation as of December 31, 2015, included 13.75% bonds having a face amount of $90.6 million. The bonds had been issued in 2008 and had a remaining discount of $3.6 million at December 31, 2015. On January 1, 2016, Indian River Electronics called the bonds before their scheduled maturity at the call price of 103. Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2016