Jennifer Stack acquired $50,000 of Oldtown Corp. 9% bonds on July 1, 2015. The bonds were acquired at 92; interest is paid semiannually on March 1 and September 1.
The bonds mature September 1, 2022. Stack's books are kept on a calendar-year basis. On February 1, 2018, Stack sold the bonds for 97.
Assuming straight-line amortization, give the entry to record the sale of the bonds on February 1. Show all work. (Note: Round to the nearest dollar.)