Sunland Ltd. sold $6,530,000 of 8% bonds, which were dated March 1, 2020, on June 1, 2020. The bonds paid interest on September 1 and March 1 of each year. The bonds' maturity date was March 1, 2030, and the bonds were issued to yield 10%. Sunland's fiscal year-end was February 28, and the company followed IFRS. On June 1, 2021, Sunland bought back $2,530,000 worth of bonds for $2,430,000 plus accrued interest.
Prepare the entry required for the redemption of face value $2,530,000 of the bonds on June 1, 2021.