85. On January 1, 2020, Krammer Company issued five-year, $40,000,000, 10% percent notes at 103. The premium was $1,200,000. Interest is paid semiannually on June 30 and December 31. Required: A) Record the issuance of the bonds on January 1, 2020. B) Record the journal entry required on December 31, 2020, assuming the use of straight-line amortization. C) Record the repayment of the loan principal on December 31, 2024.