(8). On January 1, 2021, Zenab Company issued $2,500,000, 9%, 5-year bonds. The bonds were dated January 1, 2020, and pay interest annually on January 1. Financial statements are prepared annually on December 31. Instructions Assume that on January 1, 2023, Zenab Company paysthe accrued bond interest and callsthe bonds. The call price is 103. Record the payment of interest and redemption of the bonds.