The Nair Company issued a $9 million bond at a discount five years ago. The current carrying amount of the bond is $8.20 million. The company now has excess cash and decides to retire the bond. The bond is callable at 105 percent of its face value. Required: Prepare the journal entry to record the retirement of the bond. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.) View transaction list Journal entry worksheet Record the retirement of bond. Note: Enter debits before credits. Transaction General Journal Debit Credit