The December 31, 2015, balance sheet of Ming Inc. included 8% bonds with a face amount of $106 million. The bonds were issued in 2005 and had a remaining discount of $4,000,000 at December 31, 2015. On January 1, 2016, Ming called the bonds at a price of 103. Prepare the journal entry by Ming to record the retirement of the bonds on January 1, 2016