37 Cullumber Electric sold $7,680,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and paid interest annually on January 1. The bonds were sold at 98. a Prepare the journal entry to record the issuance of the bonds on January 1, 2022. b At December 31, 2022, $15,360 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2022. c On January 1, 2024, when the carrying value of the bonds was $7,557,120, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid. non (beat)