The following is taken from the Sheridan Company balance sheet. Interest is payable annually on January 1 . The bonds are callable on any annual interest date. Sheridan uses straight-line amortization for any bond premium or discount. From December 31,2020 , the bonds will be outstanding for an additional 10 years (120 months). Assume that on January 1, 2022, after paying interest, Sheridan Company calls bonds having a face value of $1,336,000. The call price is 101. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)