2. The following section is taken from Greene Corps balance sheet at December 31, 2016. Current liabilities Interest Payable ......................................................... $ 180,000 Long-term liabilities Bonds Payable, 9%, due January 1, 2021 ................. 2,000,000 Interest is payable annually on January 1. The bonds are callable on any interest date. Instructions (a) Journalize the payment of the bond interest on January 1, 2017. (b) Assume that on January 1, 2017, after paying interest, Greene calls bonds having a face value of $800,000. The call price is 106. Record the redemption of the bonds. (c) Prepare the entry to record the accrual of interest on December 31, 2017, assuming no previous accrual of interest on the remaining bonds.