The statement of financial position of Indian River Electronics Company as of December 31, 2011, included 12.25% bonds having a face amount of $90 million. The bonds had been issued in 2004 and had a remaining discount of $3 million at December 31, 2011. On January 1, 2012, Indian River Electronics called the bonds before their scheduled maturity at the call price of 102 Required: Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1 2012 (Enter your answers in dollars not in millions.) General Journal Debit 90000000 Credit Bonds payable Loss on early extinguishment Discount on bonds payable Cash 3000000 References