A company retired $62 million of its 6% bonds at 105 ($65.1 million) before their scheduled maturity.

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Question:

A company retired $62 million of its 6% bonds at 105 ($65.1 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $2 million

Prepare the journal entry to record the redemption of the bonds (Enter your answers in millions rounded to 1 decimal place (i.e.. 5,500,000 should be entered os 5.5). If no entry is required for a transaction/event, select "No journal entry required in the first account field.)rn