Venzuela Co. is building a new hockey arena at a cost of $2500000. The company received a downpayment of $500000 and now needs to borrow $2000000. The company issues $2000000 of 10.5% 10 yr bonds. The bonds were issued Jan. 1, 2009 and pay interest annually on each Jan. 1. The bonds yield 10% and the company paid $50000 in bond issue costs related to the bond sale. Assume that on July 1,2012 the company retires half of the bonds at a cost of $1065000 plus accrued interest. Prepare the journal entry to record this retirement