Account balances and information relating to bonds payable during the year: End of year $60,000 9,000 Beginning of year $80,000 B/P Premium on B/P 12,000 Bonds with a par value of $20,000 were issued at 101 for land. Bonds with a par value of $40,000 were retired. The amount paid was $50,000, and a loss of $6,000 was sustained. Required: Prepare all the journal entries related to the B/P transactions. That is, prepare JEs for the issue for land, interest expense (if any), and retirement.