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The December 31, 2012, balance sheet of Ming Inc. included 12% bonds with a face amount of $100 million. The bonds were issued in 2002and

The December 31, 2012, balance sheet of Ming Inc. included 12% bonds with a face amount of $100 million. The bonds were issued in 2002and had a remaining discount of $3,400,000 at December 31, 2012. On January 1, 2013, Ming called the bonds at a price of 102.

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Prepare the journal entry by Ming to record the retirement of the bonds on January 1, 2013.

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