The balance sheet of River Electronics Corporation as of December $31,2023,$ Included $10\mathrm{.}00\%$ bonds having a face amount of $$90\mathrm{.}8$ million. The bonds had been Issued in $2016$ and had a remaining discount of $$3\mathrm{.}8$ million at December $31,2023.$ On January $1,2024,$ River Electronics called the bonds before thelr scheduled maturity at the call price of $104.$

Required:

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

Note: 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.

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Date,Genera,,bit,Credit$],[1,$January $01,2024,$Bonds payable,$\frac{O}{?},91x,],[,,$Loss on early extinguishment,$\frac{O}{?},8x,],[,,$Discount on bonds payable,$,,4\frac{O}{?}$