The December 31, 2015, balance sheet of Ming Inc. included 8% bonds with a face amount of $102 million. The bonds were issued in 2005 and had a remaining discount of $3,600,000 at December 31, 2015. On January 1, 2016, Ming called the bonds at a price of 103.

1.	Prepare the journal entry by Ming to record the retirement of the bonds on January 1, 2016. (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.)