The balance sheet of Indian River Electronics Corporation as of December 31, 2020, included 12.5% bonds having a face amount of $91.8 million. The bonds had been issued in 2013 and had a remaining discount of $4.8 million at December 31, 2020. On January 1, 2021, Indian River Electronics called the bonds before their scheduled maturity at the call price of 105. Required: Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021 (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.) View transaction ist Journal entry worksheet 5.88 points Record the redemption of the bonds. eBook References Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general Journal -arch