On January 1, 1982, Jackson Corporation issued 4,000 bonds with face value of $1,000 each and a coupon rate of 5 percent. The bonds were purchased by investors at a price of $1,030. Jackson incurred costs of $80,000 in issuing the bonds. On January 1, 2002, which was five years prior to the bond's maturity date, Jackson redeemed the bonds at a call price of $1,080. Jackson also spent $75,000 in calling the bonds. What accounting entries should Jackson make to reflect this early redemption? (Assume that the bond premium was being written off on a straight-line basis.)