The Silk Corporation has outstanding $200,000 of 8 percent bonds callable at 104. On December 1. Immediately after the payment of the semiannual interest and the amortization of the bond discount were recorded, the unamortized bond discount equated $ 5,250. On that date, $120,000 of the bonds were called and retired. Prepare the entry in journal form to record the retirement of the bonds on December 1.