3. Candace Tisdale is the new controller of Dizney Inc., and is confused about how to account for some bond transactions that took place during 2023. She has asked for your help. On January 1, 2023, Dizney issued 100 bonds with a face value of $1,000 each at a discount. The bonds pay interest on December 31 each year at a rate of 8% and retire on December 31,2027 . The bonds are also callable at 102 . The effective annual interest on the bonds is 10%. Dizney paid the interest on the bonds on December 31, 2023. On March 31, 2024, Dizney called and retired 50 of the bonds (and also paid accrued interest on the retired bonds). Dizney paid interest and made the appropriate journal entry for December 31,2023. Fill in the required information below to show the journal entries needed (with appropriate dates) to account for the issue over 2023 and 2024 using the effective interest method, including the December 31,2024 entry for the non-retired bonds. Use a separate discount account for the bond discount. Round to the nearest dollar, and show your work using a T-account for bonds payable, using the net approach (you could separate bonds into the retired portion and continuing portion) Present value of lump-sum (n=5 years, i=10%) : + Present value of interest annuity: = Total: OR: calculator present value: Issue of Bonds, 1/1/23 Dr. Cash Dr. Discount on Bonds Cr. Bonds payable Interest expense, amortization of discount, and cash payment, December 31, 2023: Dr. Interest expense Cr. Cash Cr. Discount on B/P Interest expense, amortization of discount, and cash payment on retired bonds, March 31, 2024: Dr. Interest expense Cr. Cash Cr. Discount on B/P Retirement of Bonds and Recognition of Loss, March 31, 2024: Dr. Bonds Payable Cr. Discount on B/P Cr. Cash Dr. Loss on retirement Interest expense, amortization of discount, and cash payment, on remaining bonds, December 31,2024: Dr. Interest expense Cr. Cash Cr. Discount on B/P