The balance sheet of River Electronics Corporation as of December $31,2023,$ included $12\mathrm{.}75\%$ bonds having a face amount of $$91\mathrm{.}9$ million. The bonds had been issued in $2016$ and had a remaining discount of $$4\mathrm{.}9$ million at December $31,2023.$ On January $1,2024,$ River Electronics called the bonds before their scheduled maturity at the call price of $102.$

Required:

Prepare the journal entry by River Electronics to record the redemption of the bonds at January $1,2024.$